Growing Your Business, Gross v. Net: A Business Rockstars Minute

    By Owen Linderholm | Small Business

    We are continuing our series of Business Rockstars Minute videos that are excellently presented by Ken Rutkowski. They cover a range of small business topics, especially for entrepreneurs, and give you a real quick start on the topic and are a great point for jumping off. We are going to run these regularly and we will try to provide a few options for more in depth exploration on your own afterward. We also recommend that you check out their daily live shows over at Business Rockstars as well. But most importantly, please let us know what you think in the comments. We want your feedback on how you like these and on future topics.

    One of the core requirements for all business owners, no matter the size or stage, is some ,evel of understanding of the financial side of your business. It is fine to pass off the bookkeeping and accounting chores to staff or third parties but you need enough understanding to be able to make sound decisions about the advice they are offering you. That means you need to understand some core financial concepts, like the difference between gross and net. Ken Rutkowski talks you through that very issue in this Business Rockstars Minute.


    Read More:

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    How to Calculate Gross Profit

    From Basement Hobby to $2 Million Revenue Business in Five Years

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