Top 10 Methods for Cutting Business Costs

by Cheqly team | | Cutting Business Costs

Minimizing business costs is critical in today’s economy, where even a difference of less than a few cents in income or expenditure can have a major effect on a company’s profitability. The best part is that achieving this does not require significant changes. For small businesses, profitability often comes from simple, clear strategies used in … Continued

Top 10 KPIs for CFOs to Track Performance Effectively

by Cheqly team | | CFO KPIs

The duties of CFOs are changing continuously through the increasing demand for information-oriented decision making. Today’s modern CFOs are obliged to carry out tasks such as managing risk, planning for growth, and ensuring overall financial health apart from traditional accounting. Tracking the right Key Performance Indicators (KPIs) is critical in getting your business on the … Continued

7 Key Financial Ratios Every Small Business Should Know

by Cheqly team | | Financial Ratios

To future or present business proprietors, an enhanced understanding of business formulas could help in attaining better precision and clutter free bookkeeping of business transactions. Financial ratios may, however, be important to business owners in a bid to determine the overall viability of their business by calculating the following ratios: Here are a few that … Continued

Business Credit vs. Personal Credit: How Are They Different?

by Cheqly team | | Business Credit , Personal Credit

Small business personnel must understand personal and business credit scores. These figures may affect their personal and business finances. Understanding how each score works, when one should be applied, and why they are relevant to your situation is useful for sustaining your money and further diversifying your business. Business Credit vs. Personal Credit: What’s the … Continued

10 Financial Mistakes Entrepreneurs Make and How to Avoid Them

by Cheqly team | | Financial Mistakes

You embark on an entrepreneurial adventure largely dependent on chance or good fortune. It’s amazing to decide to destroy the boats and take control of the island with your smart idea. You possess the vision to establish and develop something exceptional, just as you’ve always desired. Nonetheless, 85% of your company will cease to exist … Continued

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