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 …
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 …