Profit Growth: How to Set, Track and Achieve your Goals

Every company sets financial goals, but are they basing them on the right metrics? We’ve seen too many businesses struggle with these issues. It’s not a coincidence. Few companies understand which strategies

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The EOS Accountability Chart: How to Best Fill the Finance Seat

Hi, I'm Cal Wilder, founder and CEO of SmartBooks Corp. This video is for all you EOS implementers and users of the entrepreneurial operating system. I'm an early implementer myself. Back in 2012, we implemented at SmartBooks.

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Successfully Filling the EOS Finance Seat

If you’re familiar with the Entrepreneurial Operating System (EOS), you know it’s a popular management system used by small businesses. We’ve used it internally at SmartBooks since 2012, and in

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5 Key Changes for Individuals Under the New Tax Law

With the Tax Cuts and Jobs Act bringing huge changes under the new tax law, you’re not alone if you’re wondering what that means for your personal return. To clarify,

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How to Increase Contribution Margin: A Small Business Owner’s Guide

In part 2 of our series on contribution margin, we’ll be looking at how business owners can increase contribution margin percentages by using three key inputs: Price Cost of Goods

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How to Calculate Contribution Margin: A Small Business Owner’s Guide

Do you know how to calculate contribution margin? Are you currently tracking this crucial business metric? Your company’s contribution margin is a simple calculation of how profitable a product or

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The Tax Cuts and Jobs Act: What Small Business Owners Need to Know

The Tax Cuts and Jobs Act brings the most sweeping changes to the tax code in a generation. So, if you’re still unsure of how the changes will impact you

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Growth Strategies for Professional Services Firms: To Grow or Not to Grow

It’s no secret that the professional services (PS) market is growing at a brisk pace. The Professional Services Market Global Report 2017 forecasts 5.4 percent annual growth until 2020, expected

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The Power of the Labor Value Multiple as a Performance Metric

Of all the metrics governing financial performance, we need to put a spotlight on one in particular: your Labor Value Multiple (LVM), sometimes also referred to as the labor efficiency

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How to Manage Overhead Cost Before It Gets Up to Your Neck

As a metric, overhead refers to any costs that aren’t directly needed to service a client. Employee utilization and pricing are directly tied to overhead cost. Essential and Nonessential Overhead

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