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How to Build a Business Dashboard

I’m an impatient person. I want to know what’s going on with my business without having to wait for other people to pull reports, summarize data, update spreadsheets, and build presentations. And, frankly, all that activity wastes a ton of time. Yes, it’s critical to know what’s going on in my business, but the number… Read more »

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Inbox Zero: Your Guide to Email Zen

If you struggle to get your email inbox to that zen place where it says “0 unread messages”, you’re not alone. Here are nine tips you can use to become one with your email. You don’t even have to fold your legs into the lotus position first.

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What Is Cash Flow? Metrics in a Minute

Quick definition: Cash flow measures the money—the actual dollars or pesos or yen—that is moving in and out of your bank accounts. Cash that you pay out is negative cash flow and cash that comes in to your business is positive cash flow. The details: To state the obvious, cash is critical to running a… Read more »

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What Are Direct Costs? Metrics in a Minute

Quick Definition of Direct Costs: Direct costs (also known as Costs of Goods Sold—COGS) are the costs that can be completely attributed to the production of a specific product or service. These costs include the cost of materials used to create the product and potentially any labor costs that are exclusively used to create the… Read more »

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What Is Operating Margin? Metrics in a Minute

Operating income is your company’s earnings before interest and tax expenses, also called EBIT. To calculate your operating income, just subtract your expenses (excluding taxes and interest) from your revenue.

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What is Net Profit? Metrics in a Minute

What is net profit? Net profit is the proverbial bottom line of your business. It is the money you make that doesn’t go back into expenses, taxes, and interest; the net profit that is left over. In business planning, you’ll find net profit listed in your financial statements, on both the cash flow and as… Read more »

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What is Cash Burn Rate? Metrics in a Minute

What is cash burn rate? Cash burn rate is the rate at which a company uses up its cash reserves or cash balance.  Essentially, it’s a measure of the net-negative cash flow. How fast are you burning through your cash reserves? Or is your cash moving the other direction, building up a healthy balance from… Read more »