by Greg Herring | Aug 7, 2018 | Portfolio Analysis
As discussed in my last post, the chief goals of performing an in-depth portfolio analysis are to gain insight into ways to optimize a business and its profit margins. Net profit margin is a percentage calculated by dividing pre-tax net income by revenue. That...
by Greg Herring | Jul 31, 2018 | Portfolio Analysis
Far too many business owners suffer from a lack of time. The business takes everything they have in terms of time and energy. They run from one fire to another – doing their best to put them out quickly. There is no spare time; there is no spare energy. They lack...
by Greg Herring | Jul 24, 2018 | Pricing
Wage inflation is alive and well. You have identified a need to raise prices, and you have decided that it is the best time to do so for your company. What can you do to ensure that the price increase is a success? The first step is to determine your new pricing....
by Greg Herring | Jul 5, 2018 | Pricing
The costs for raw materials are up. Health insurance costs continue to climb. Labor is in short supply which typically means wages will go up. As of the US Job Openings and Labor Turnover Summary report released on June 5th, 2018, there are now more jobs...
by Greg Herring | Oct 23, 2017 | Reporting
Preparing a budget does not have to be laborious. I hated wasted time; I also hate spending a lot of time on budgets. That view might strike some of you as strange given that it comes from a CFO (Chief Financial Officer). But the truth is that budgets do not have to...
