The Ins and Outs of Expenses for Your Small Business
This post is sponsored by Intuit Quickbooks. All words, opinions and images are our own. Thanks for supporting our sponsors, like Quickbooks, that help us bring you free, original content every weekday. Last week we talked about the importance of getting a handle on business expenses in general. If you joined in the process and also […]
This post is sponsored by Intuit Quickbooks. All words, opinions and images are our own. Thanks for supporting our sponsors, like Quickbooks, that help us bring you free, original content every weekday.
Last week we talked about the importance of getting a handle on business expenses in general. If you joined in the process and also found a few expenses that aren’t really necessities, we’re on track together today! Now we’re going to go to the next level of expenses examination and get into the nitty gritty: mapping out our Cost of Goods Sold or CoGS. It’s important to look at these numbers alongside our operating expenses because both of these affect what prices we need to charge for our goods or services (and stay afloat as a business!). Once we find our numbers for both ? and note the prices we need to charge to be in a good place for growth ? it’s critical that we do some research to see what the average prices are for similar goods and what online reviews and social shares say about the quality of the products or services. Others with similar products may have lower prices than you do, but is the q...
This post is sponsored by Intuit Quickbooks. All words, opinions and images are our own. Thanks for supporting our sponsors, like Quickbooks, that help us bring you free, original content every weekday.
Last week we talked about the importance of getting a handle on business expenses in general. If you joined in the process and also found a few expenses that aren’t really necessities, we’re on track together today! Now we’re going to go to the next level of expenses examination and get into the nitty gritty: mapping out our Cost of Goods Sold or CoGS. It’s important to look at these numbers alongside our operating expenses because both of these affect what prices we need to charge for our goods or services (and stay afloat as a business!). Once we find our numbers for both ? and note the prices we need to charge to be in a good place for growth ? it’s critical that we do some research to see what the average prices are for similar goods and what online reviews and social shares say about the quality of the products or services. Others with similar products may have lower prices than you do, but is the q...
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