Profit Margin vs Markup can be calculated and result in different outcomes  Profit margin and markup are separate accounting terms that use the same inputs and analyze the same transaction yet show different information.  Both profit margin and markup use Revenue and costs as part of their calculations. The main difference between the two is that a profit margin refers to sales minus the fee of goods sold, while markup is the amount by which the cost of good increases to get to the final selling price. Profit Margin needs to be healthy Understanding these two terms can help ensure that price setting is [...] READ MORE

The holiday season brings joy and celebration, but for small businesses, it can also bring challenges when it comes to cashflow planning Cashflow, the lifeblood of any business. Cashflow is even more crucial during this period. Small businesses are starting to experience delayed payments, reduced sales, and increased expenses due to safety measures and additional costs associated with remote work or implementing safety protocols. The holiday season brings slow down and couple with higher interest rates the economy is changingTo address these challenges, small business owners must adopt proactive cash flow management strategies. Between now and the 15th of January [...] READ MORE