All tagged fiscal year

Can You Stay in the Ballgame? Checking Your Financial Stats

Is the end of your fiscal year on the horizon? Even though spending time at a ballgame is more fun than reviewing your bookkeeping files (unless you’re us!), it’s important to have a solid financial line-up. Don’t strike out unexpectedly due to poor planning. Let’s get ready to play ball!                                          

Make sure that your business reviews these areas, just as sports teams do:

What are your stats?

Gross Profit Margin = (Revenue minus COGS) divided by Revenue

Where should it be if  you compare to the industry average?