Tag Archives: expenses

The Difference Between Gross and Net Revenue | businessnewsdaily.com

Gross revenue and net revenue are distinct from each other, but both are important for small businesses to track.

  • Gross revenue is the amount of money a business brings in from sales in a given period.
  • Net revenue is the amount of money a business brings in from sales in a given period minus the expenses it incurred over the same period.
  • Gross revenue tells you how many sales your business is driving, while net revenue compares your income to your expenses.
  • This article is for business owners who want to improve their financial literacy and accounting practices.

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How to Make Your Seasonal Business Profitable Year-Round | Business News Daily

sand-snowmanWhen you’re running a seasonal business, it’s often difficult to stretch the profits you made during the height of your sales throughout the rest of the year. But with the right tactics, you can make sure you stay afloat — and maybe even turn a profit — in your off-season. Whether you’re gearing up for your holiday season peak or slowing down after your summertime rush, here’s how you can keep your business in the black all year round.

Minimize your expenses in the off-season

If your business shuts down completely during your non-peak seasons, then it’s unlikely you’ll have to worry about many overhead expenses eating into your profits. However, if you’re open for business all year, the easiest and most obvious way to stay profitable when sales are slow is to cut down on your bills.

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