A vital part of your business's financial health revolves around ROI. ROI is a key performance indicator and can be used to measure your business's success overtime. ROI stands for Return on Investment and while monitoring this may seem overwhelming, it is important to delve into. So, what can ROI help you determine? ROI can help you determine what you can afford, how to build a strategy, determine good debt vs bad debt, and it can help you get approved for a loan faster. 

Know what you can afford

If you know your ROI, you know how investments impact your business. What if cash flow is tight, but you know buying a new tool or software can increase income quickly? This investment's ROI may make sense for your business. This is especially handy for a growing business looking to hire more staff. Your ROI is part of your cash flow forecasting. If you can determine the cost of adding on a new team member on top of the ROI of that investment, you won’t be stretching your...

         Imagine two people dancing

One is in the lead, the other gracefully following their steps. That is how life can be and, boy, can it throw you for a loop. Too oftentimes, as women, we find ourselves in the position of having to be the leader in the relationship. This includes planning, finances, organizing, and even keeping the relationship fun and exciting. It is overwhelming and too often it turns into being “the bad guy.” 

Lately, I have been successful at scoring being in that role. This means I get the opportunity to tell my husband, mind you it is over and over again, about deadlines, plans, etc. Many times he does not really process what I am saying. I am sure others can relate here. However, it is always a fun experience when the deadline impacts him or his family. That is when the bad guy persona is intensified. I mean, how dare you set plans and deadlines that they were unaware of. Granted, you have been mentioning or...