Financial terms every business owner should know:
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.0.106″ background_layout=”light”] Key financial terms The following is a condensed version of a recent Globe and Mail article by Brenda Bouw on business terms owners should know. Gross margin This is the difference between revenue [sales] and costs to sell. The difference is the company’s profit. Revenues alone do not tell the […]
Business clients aften question – Should I take a Salary or declare Dividends?
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.0.106″ background_layout=”light”] Salary or Dividends? Read this interesting article in the Globe [/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
What is the break-even point of my business?
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.0.106″ background_layout=”light”] Why is this important & how do I determine it? Knowing the break-even point of your business will tell you the amount of sales required to become profitable. This article will help you determine your break-even point in 3 easy steps. Determine the Margin per Unit sold. Determine your Total […]