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How to uncover leaks in your profit margin

You’re working hard, your sales are steady, and customers seem happy, but your profit margins aren’t where they should be. Many small business owners experience this frustration. Often, the issue …

Metrics to measure business progress

Here are 5 important metrics to pay attention to when it comes to the success of your business, including ways you can improve them. 1. Gross margin Gross margin is …

How to track job and project profitability more effectively

For service-based and project-driven businesses, success isn’t just about landing work, it’s about making each job profitable. Too often, business owners don’t know how much profit (or loss) they made …

Reducing risk and building resilience

Running a small business comes with constant uncertainty, from market fluctuations and rising costs to natural disasters and changing regulations. For business owners, even a single unforeseen event can disrupt …

Lessons learned from global disruption and looking ahead

While it may be challenging to predict what the future holds, history shows us that economies will eventually recover from major disruptions. It’s useful to reflect on how your business …

Competing and pricing confidently in a cost-pressured market

Rising costs, tighter budgets, and more price-sensitive customers are challenging every business. When material, people and supply chain expenses keep climbing, and customers hesitate to pay more, the solution isn’t …

Pricing mistakes that cost your business more than you think

Pricing can make or break a business. Yet for many small business owners, setting the right price is more guesswork than strategy. Whether you’re undercharging, reacting to competitors, or failing …

Advantages of a SWOT analysis

If events are swirling outside your control, a SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats) can provide you with a structure to make changes that align with your goals. The …