Balance Sheet
In order to make smart business decisions, MSP owners need to be well-versed in financial concepts like the balance sheet. The balance sheet is one…
Category: Metrics and Money
What is a Cash Flow Statement
It can be easy to get overwhelmed by all the different financial statements businesses use to track their money. The three most common ones you…
What Is An Income Statement?
The Income Statement is one of the three key financial reports that you must understand as a business owner. It tells you how much money…
Customer Acquisition Cost: What It Is and How to Calculate It
What is Customer Acquisition cost: It is a metric used by businesses to measure how much money they are spending to acquire new customers. It…
How to Withdraw Money from Your business for Personal Use the Right way
You should withdraw money from your business - that is what you are in business for... there are just a few rules you need to follow.
Crack the Customer Lifetime Value Code (CLV or LTV)
Most companies, as in 99% of them, do not know who their most valuable customers are. In my experience, it is all companies, from massive…