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We are some of the Profit Nerds, entrepreneurs, designers and developers who believe it shall be really easy to understand the unit economics for small businesses.
Latest from the profitability blog
Where is your salary business owners?
Posted on Thursday August 02, 2018
A lot of small businesses don’t have a fixed salary for their owners. They think the profit should be their salary so they don’t include that in pricing etc. (I’m reposting this old post again, as I see this again and again) But most businesses are not profitable or do not generate profit for nearly …
Demo: How to check your project’s profitability and pricing with ProfitBoard
Posted on Tuesday July 17, 2018
Nearly two months ago, I shared why web design companies face cash crunches. Today I’ll show you a demo on how you can do that with ProfitBoard: Our cash flow management app for web design businesses. Hope you will like it. Please let me know what else you wanted to cover next. If you want …
How Profits and Cash Flows Are Different?
Posted on Monday July 16, 2018
Profits are defined as revenue fewer expenses. They may also be referred to as net income. Cash flows, on the other hand, refer to the inflows and outflows of cash for a particular business. Bringing in profits does not always increase cash instantly and incurring an expense does not always reduce cash instantly. Let’s assume …