Gross Profit Ratio is calculated by dividing your revenue by your gross profit. Owning a small business isn’t easy; it can take a while before it actually starts becoming profitable. There should be an easy way to determine whether you’re actually making money or not. Luckily, there is! It’s called the gross profit ratio, and […]
Setting a budget is a necessity for most adults. But no budget is complete without a bit of fun money. If all you do is pay bills and buy necessities, your budget isn’t going to last long. It is important for you to have some fun in your life, so be sure that you set […]
Even if you are fortunate enough to love your 9 to 5 job the bottom line is that you will not become a wealthy person working for someone else. Every job will have its mundane aspects and when you combine that with a salary that just about gets you through to the end of the […]
Your DCSR plays a major role in the direction your company will take when dealing with debt. A debt service coverage ratio is one of the first headaches any business owner will deal with. Once you determine DSCR the first time, it is much easier to calculate in later years. What Is Debt Service Coverage […]