yoy growth

What is YoY growth? What is the formula and why it is important

Are you ready to take your business to the next level? If so, understanding YoY growth is important. Year-over-year (YoY) growth measures the percentage change in performance or revenue compared to the same period of time in a previous fiscal year. By closely analyzing and tracking trends, data points and insights associated with your company’s YoY growth rate, you’ll be …

working capital

What is Working Capital? What is the formula and why it is important

If you’re a small business owner looking to make the most of your financial resources, having an understanding of working capital is essential. Working capital isn’t something that gets discussed much in day-to-day operations, but it’s an integral part of running a successful business. It’s important because managing positive and negative cash flow throughout every stage of growth is vital …