Accounting is technical, complex, and time-consuming. It’s also essential to the day-to-day life of your small business. As a result, your business needs to have effective accounting if it is to survive.
The process of growing a small business generally involves two kinds of significant financial outlays – working capital investments for operational growth factors like hiring employees and managing overhead increases, and fixed capital investments for the acquisition of equipment and other hard assets.
Pricing goods and services is a point of severe tension for businesses. Too high and you fear turning buyers away. Too low and you make no profit. So you aim for “just right.” What is “just right?”