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Category Archives for "Small Business Resources & Products"

Definition, Formula, Interpretation, and Analysis of Fixed Asset Turnover Ratio

The fixed asset turnover ratio (FATR) calculates how much income a company generates for every dollar invested in non-current assets. In other words, it assesses how well management uses capital investment to generate revenue. Fixed asset turnover ratio (FATR) that is higher or growing implies that the company is producing more income per dollar invested […]

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Reasons Why Verbal Work Agreements Aren’t Sufficient

Credit: fauxels Via Pexels It is human nature to forget things. When someone gives you a word about something, there is no guarantee that they’ll remember it after a few months. The statement an individual made orally might be valuable in your life. Unfortunately, not every person consists of a verbal agreement legally binding. If […]

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6 Customer Retention Strategies for the Small Business Owner

Promoting your new venture or small business is a great way to attract customers and grow your regular client base. But once you have a customer’s attention, how can you retain them for future sales and service? There are some practical ways to establish customer retention strategies, including keeping your clients happy, providing exceptional service, […]

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