Bookkeeping
Tips, Tricks & Resources
from The Bully
Track Your Progress and Stay on Course: Tools and Metrics to Measure Growth
So, you’ve set ambitious revenue goals—now what? The next step is to track your progress and make adjustments along the way. Measuring your financial performance isn’t just about seeing if you hit your target; it’s about gaining insights that help you stay on course....
What Is Break-Even? A Simple Guide for Business Owners
If you’ve ever wondered, “When will my business start making money?” the answer lies in your break-even point. This key financial metric shows exactly how much revenue you need to generate to cover all your expenses—without making a profit or a loss. In this post,...
How to Build Your Business Budget for Next Year: A Step-by-Step Guide
Budgeting for the upcoming year isn’t just about plugging numbers into a spreadsheet—it’s about setting your business up for long-term success. Whether you’re running a retail shop, a service-based business, or a startup, your budget serves as the financial roadmap...
Increasing the Average Dollar Sale: Essential Strategies for Small Businesses
For small businesses aiming to grow and thrive in a competitive market, increasing the average dollar sale per customer is a crucial goal. By enhancing the value of each transaction, you can significantly boost your revenue without needing to acquire new customers....
Increasing Profit Margin: 7 Essential Strategies for Small Businesses
For small businesses striving to enhance their financial health, increasing profit margins is a critical goal. Simply boosting revenue or selling more products doesn’t automatically translate to higher profits if your expenses are also rising. By focusing on...
Increasing Client Transactions: Essential Strategies for Small Businesses
In the dynamic landscape of small business, maximizing the number of transactions each client makes can significantly impact your growth and profitability. For small businesses across various industries, encouraging clients to engage in more transactions is crucial...
Navigating the Pricing Maze: Strategies for Competitive Pricing and Profit Margins
In the fast-paced world of business, pricing strategy stands as a linchpin for success. But how do you strike the perfect balance between remaining competitive in the market while safeguarding your profit margins? Fear not, for in this comprehensive guide, we'll...
Unlocking Success: Essential Key Performance Indicators (KPIs) for Effective Business Monitoring
Monitoring Key Performance Indicators (KPIs) is crucial for evaluating the health and performance of your business. In this comprehensive guide, we'll explore the essential KPIs you should monitor to drive growth, improve decision-making, and optimize your business...
Mastering Cash Flow Management: Essential Strategies for Business Success
Cash flow management is crucial for business success. In this guide, we'll explore actionable strategies to help you improve and master your cash flow. From understanding its importance to implementing effective techniques, let's dive into the key steps you need to...