How to Calculate Break-Even Point: Formula, Steps and Examples
Learn how to calculate your break-even point with two simple formulas, six clear steps and worked examples for a coffee shop, a freelancer and an online course.
Financial Management
Financial management guides for individuals, freelancers and small businesses. Learn how to manage cash flow, get out of debt, budget during tough times, start investing wisely and build long-term wealth. These posts explain money concepts in plain language with practical steps, so you can make smarter financial decisions, protect your savings and grow your income without needing a finance degree.
Customer Lifetime Value (CLV): How to Calculate and Increase It
Learn how to calculate customer lifetime value with three simple formulas, see a worked example, check your CLV to CAC ratio and find five ways to raise it.
Small Business KPIs: 12 Metrics Every Owner Should Track
Discover the small business KPIs worth tracking, what each one tells you about your business health and how to use them to fix leaks and grow with confidence.
How to Write a Simple Business Plan: A Step-by-Step Guide
Learning how to write a business plan does not mean producing a 50-page document full of jargon. For most small businesses and first-time entrepreneurs, a short, clear plan is far more useful. It forces you to think through your idea, spot weak points before they cost money, and explain your business to partners, lenders or … Read more
Powerful Tips For Personal Finance Success
Do you ever stop to wonder where your cash goes each month? Does it often appear as if you can not afford to do things because your monetary requirements are holding you back? If you realize that you are asking these kind of questions, maybe you need to take a quick look at your monetary … Read more
How to Price Your Product or Service: A Practical Guide for Small Businesses
Learn how to price your product or service with confidence, avoid underpricing and find the sweet spot between clear value and healthy profit.
How to Develop Your Business Financing Strategy
You don’t have to be a top-notch CFO or an accountant to come up with a strategy to finance your business. Just know that it will take more than you showing up at your lender’s doorstep with a bunch of financials in hand. By looking back at your greater business plan, understanding what a lender … Read more
Economy Forces Reduction in Sales Force
The sluggish economy has had its toll, even on Google where it has recently reduced the size of its sales force. Other companies such as GlaxoSmithKline, Apple and Sun Microsytems have also reduced their sales forces. Re-sizing the sales force creates a cascading impact on the sales force and their customers. My experience shows that … Read more
7 Habits That Can Enhance Your Life
Do you live on things? Do you admit that you are not good enough, talented enough, or solid enough? If you could only choose one, two, or more habits to redefine your way of life over the next few months, what would they be? Will they be the trends that will have the most impact … Read more
Why the rich don’t work for money – Secrets of the Rich
On the off chance that you want to be rich then don’t work for cash. The rich don’t work for money but they still get richer and richer. The vast majority work for money and because they work for money they stay poor or average and fail to become rich. I want to share with … Read more