Jan 20, 2020 | Virtual CFO
One of the most important things that an entrepreneur can do according to virtual CFO, is calculate the profit margin of their business. The reason why, is if an entrepreneur can understand their profit margin, they can ensure that they are making enough money on the...
Jan 20, 2020 | Virtual CFO
It is extremely important that entrepreneurs learn early on in their business how to calculate the profit margin in their business says virtual CFO. The reason why many entrepreneurs do not understand this already is because many entrepreneurs get into their business...
Jan 20, 2020 | Virtual CFO
One of the biggest challenges that entrepreneurs face in business according to virtual CFO, is understanding their business finances. Many entrepreneurs get into their business without having prior business ownership experience, which means many of them lacks...
Jan 20, 2020 | Virtual CFO
One of the most important things that an entrepreneur can do early on in their business says virtual CFO is understood what the revenue and direct cost of goods sold in their business is. Warren Buffett is famous for saying, ìaccounting is the language of business....
Jan 20, 2020 | Virtual CFO
Very important for entrepreneurs to be able to understand their business finances says virtual CFO and even Warren Buffett has been quoted as saying îaccounting is the language of businessîthey helping entrepreneurs understand that language, can help them make more...
Jan 20, 2020 | Virtual CFO
One of the most important things that an entrepreneur can do early on in their entrepreneurship says virtual CFO, is to calculate the gross margin of their products and services. The reason why, is because 50% of all entrepreneurs fail in business, and 29% of those...
