Blog

Responding to market forces outside your control is one of the trickier aspects of running a business, even more obvious today as world markets fluctuate. While you can’t always predict a sudden change in costs, there are steps you can take to manage the impact. Increase price and margin If you’re able to raise your prices without impacting demand or the customer relationship, your problem of rising costs could be…  Read more

Managing a small business can feel like balancing countless tasks at once. In the midst of it all, one key metric stands out  – Gross Profit Margin. But what is Gross Profit Margin, and why does it matter for small business owners? Let’s look at how to calculate it, why it matters, and how you can use it to unlock your business’s full potential. What is Gross Profit Margin? At…  Read more