Operating leverage measures a company’s fixed costs as a percentage of its total costs (fixed and variable). It is used to evaluate the break-even point of a business as well as the likely profit levels on individual sal
You may have discovered that bankers unintentionally speak a language that business owners have a hard time understanding. I call it BankSpeak. Bankers use terms like liquidity, leverage, profitability, working capital,
You may have already put the finishing touches on your 2018 forecast. However in case you haven’t, here are a few things you need to know: 1. Look for tendencies in your forecasting to gain insights on things you can do
Trying to get a line of credit? Frustrated with the bank process? You’re not alone. Navigating the banking landscape can be a very time consuming process. There are two questions you need to answer before you start: Ar
Soon it will be time to close the books on 2017 and your thoughts are shifting to 2018. Likely, there are some things that went quite well, but if you had a do-over, there are things that you may have done differently. T
KPI’s, key performance indicators are critical for managing your business. You can’t manage what you don’t measure, right? Goals allow us to stay focused and manage our businesses effectively. Here are 4 KPI’s for you co
If you spend more time poring over financial statements instead of running your business, it’s time to make a change. Let the profitability coaches at McDermott Financial Solutions show you which levers to pull to drive profitability forward. With nearly a century of combined business management and commercial banking expertise, we’ll help you find and fix what’s holding you back and get you on your way to growth and profitability.
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