Growth hacking
fromEntrepreneur
2 days agoThe Gross vs. Net Revenue Trap That Can Sink Your Business
Net revenue is crucial for assessing business health, as it reflects actual profit after expenses, unlike gross revenue which can be misleading.
Most local utility companies provide energy audits for their small business customers. For example, my provider - PECO - offers customized reports and online tools to benchmark energy usage, incentives for better energy consumption, rebates for buying energy-efficient equipment and free energy assessments.
This may be the last year that law firms can expect billing rate increases to drive financial stability, according to a new survey of more than 800 senior finance and legal professionals in large firms across North America, the United Kingdom and Ireland. Technology company BigHand's 2026 finance report suggests that firms can no longer rely on traditional measures of profitability, as clients are demanding more efficiency and predictability amid the increased adoption of artificial intelligence across the legal profession, according to Law.com.
Markup is how much you add to your cost to get your selling price. If something costs $10 and you sell it for $15 , you added $5. That's a 50 percent markup on your cost. Where people get confused is that markup isn't the same as margin, even though the terms get used interchangeably all the time. Margin measures profit as a percentage of the selling price, and markup measures it based on your costs. Same dollar, different percentages.
Efficient business practices boost bottom lines, and finding the right balance begins with using the right productivity software tools. For entrepreneurs and small-business owners, time spent searching or navigating different tools could be better spent growing your company. Having the right productivity software in place isn't just convenient, it's essential for operational efficiency. The challenge many entrepreneurs face is balancing software costs with functionality.
With the Supreme Court potentially poised to invalidate recent tariffs, organizations face a confusing scenario. Having clear visibility into contract terms - such as price adjustments and renegotiation provisions - is essential to navigating this volatility. Come join us on at 1 p.m. ET on Jan. 27 for this CLE-approved webinar, where we'll discuss the current state of the tariff conundrum and explore strategies for achieving contract visibility with the latest AI innovations.
When analyzing the operational costs of a healthcare facility, the debate between In-House vs Outsourced Billing Services always comes up. Many business owners find that managing billing internally requires constant training and expensive software, whereas the best medical billing companies often provide a more streamlined, result-oriented approach for a percentage of the collections.
At the beginning of the year, I looked more closely at one particular statement than I had before. I was shocked by the number of transactions I didn't recognize. They turned out to be subscriptions. My 17-year-old daughter told me that she'd been offered a special deal at the Verizon store: access to Apple Music for up to six people for $10 a month. She was desperate to take advantage of the promotion and said the streaming service had an amazing selection of songs.