What Is Accounts Receivable? Metrics in a Minute

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Quick definition: Accounts receivable is money that is owed to you by your customers for products or services that you have sold. The details: Wouldn’t it be great if all of your customers paid you in cash as soon as they placed an order? Unfortunately, most businesses—including mine—don’t work that way. Instead, we send invoices… Read more »

What Is Operating Margin? Metrics in a Minute

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Let’s face it, profit is one of the most important metrics that you track in your business. Besides tracking your cash, understanding if your company is making money—and keeping it—is the key to long term success and growth. Because of this, you’ll need to understand the various components of profitability, why it’s important, and how… Read more »

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Write and track your plan with LivePlan using QuickBooks data

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Attention QuickBooks users: No more double data entry required! LivePlan now lets you integrate with QuickBooks easily, seamlessly, and without any hassle. We have released our integration with the Quickbooks Anywhere API, which means QuickBooks users can now automatically import actual results into your LivePlan Scoreboard. To use this new feature, click on your “Scoreboard”… Read more »

The Lean Startup: Benefits and Criticisms

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The Lean Startup is a business approach that is synonymous with the work of Eric Ries (who has also published a book called The Lean Startup) and Stanford professor Steve Blank. It describes a new approach for startups and prescribes behaviours they should adapt to increase the likelihood that they will succeed. While the concept… Read more »

Focusing on Key Performance Indicators (KPI’s) Part 1

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Key Performance Indicators (KPI’s) consist of a number of important metrics that businesses should measure and use to manage their businesses. While these will vary across industries, the following represent some of the more common ones that are important for SaaS-based businesses. Cash: Managing cash has always been an important element of running a business,… Read more »