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OSYB Blog: Number Crunch!

News and Views from OutSource Your Books, LLC

Are Your Prices Set for Profitability?

September 24, 2019 by OSYB Staff

You are almost ready to open the doors for business. Now, you are ready to set the prices for your products or services. How do you that? Intuit QuickBooks shares some items for you to consider to set prices that maximize your profit and meets your customers’ needs: understand your profit margin – net income […]

Is Your Business Profitable?

July 16, 2019 by OSYB Staff

You have done it, started your own business. Now, comes the hard part, doing something that you love and making a profit. How do you measure your small business profitability? Intuit Quickbook shares a tool to measure your profitability, break-even analysis. Break-even analysis helps to set the selling price of your products. This calculation helps […]

How to Add Value to Your Business

March 6, 2017 by Jarred Berman

When it comes to purchasing real estate, the age-old proverb holds true: location, location, location.  When it comes to purchasing a business, the same holds true, except the proverb goes like this: valuation, valuation, valuation. Valuation experts are looked at to ascertain a value, or a range of values, for the subject interest in question.  […]

Ideal Customer Avatar

November 28, 2016 by Ed Becker

If you are a small business owner, or a marketing person, or perform any type of business planning and sales; you may be familiar with the concept of an Ideal Customer Avatar.  You may also know the power of having a very detailed picture of your ideal customer. Without the avatar of your ideal customer, […]

Last Quarter of an Election Year- Concerns of Small Businesses

October 31, 2016 by Ed Becker

The final quarter of the year is typically spent gearing up for the holiday season, and finding as many tax breaks as possible. During this tenuous election year, small business owners are more concerned about the economy and about how the election results are going to affect their business. Small business owners are concerned, and […]

Creative Perks to Boost Employee Morale

October 15, 2013 by Ed Becker

As a small business owner, it is hardly realistic to offer huge bonuses and stock options to keep your employees happy. Fortunately, there are many other creative (and affordable) strategies that will keep your team feeling positive and operating at peak performance. Thinking outside the box can make huge impact on your corporate culture, without […]

Dealing with Seasonal Cash Flow Dilemmas

August 9, 2013 by Ed Becker

Virtually all businesses encounter cash flow setbacks at one point or another. Pool maintenance services are hit hard during the winter months, retail shops see sharp declines after the holiday season, and most tax preparers close up shop after the April 15th deadline. A quick glance at the books of any business will show seasonal […]

Small Business Cash Flow: How to Improve It?

November 28, 2011 by Ed Becker

Cash flow and profitability are not the same thing. Understanding the difference is critical for the health (and survival) of your small business. Many small business owners run their businesses by watching there bank balances, but this can be a recipe for disaster because they are not considering key items like outstanding checks and loans. […]