What is annual revenue? It’s a metric small business owners need to know to gauge the health of their businesses.
What Is Annual Revenue?
James Woodruff
James Woodruff has been a management consultant to more than 1,000 small businesses over the past 30 years. This background has given him a foundation of real-life experiences for his freelance writings on business topics. James has written extensively for Bizfluent, SmallBusiness.Chron.com, and Work.Chron.com.
He previously had his own firm that specialized in financing exports from the United States to clients in Central and South America. James received a Bachelor of Mechanical Engineering from the Georgia Institute of Technology and an MBA in finance from the Columbia University Graduate School of Business.
What Is Cost of Goods Sold?
What is cost of goods sold and how to calculate it? It’s how much it costs to make and sell your product or service — and it could affect your bottom line.
How to Calculate Burn Rate at Your Small Business
Knowing how to calculate burn rate for your business can help you control your cash flow.
Can I Borrow Money From My LLC?
How can I borrow money from my LLC and not be subject to tax penalties? We break it down.
Demystifying the Capital Budgeting Process: A 7-Step Guide
By going through a capital budgeting process, you’ll glean better insights about the viability of investing in long-term assets.
How to Choose a Health Insurance Option for a Small Business
Health insurance is an important benefit to attract and retain good employees. See how to find the best small business health insurance options for you.
What Is Inventory Control in a Small Business?
What is inventory control? It’s about monitoring and maximizing the return on your company’s investment in inventory.
What Is Working Capital Management?
Business owners can use working capital management techniques to ensure that their businesses are liquid enoughto meet day-to-day expenses.
Gross Margin vs Profit Margin: What’s the Difference?
Small business owners can use their financial statements to monitor gross margin vs profit margin to spot negative trends and take corrective action.
The Pros and Cons of Partnership, Explained
Evaluate the pros and cons of partnership to discover if finding a business partner is the right choice for you.
