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Million Dollar Year Blog

"Successful entrepreneurs are not satisfied with status quo. They are constantly looking for new opportunities to improve their current situation and increase their impact." 
Robert Gauvreau

Gross Profit vs Gross Profit Margin

So one of the questions that comes up is, what is gross profit and gross profit margin?

Are they the same thing or are they different?

And we've talked about gross profit, gross profit being the...

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What Are Fixed Expenses?

One question that comes up in our business quite often is what are our fixed expenses?

Fixed expenses are those costs inside our business that do not change, they fluctuate slightly, but they're...

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What Is A Breakeven Point?

So one question that doesn't come up enough when we're talking with business owners is what is our break even point?

And I'm bringing this FAQ to you because I think this is a question that every...

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What Are Variable Costs?

One question that always comes up is what our variable costs?

And it's kind of a strange item that would continuously come up. But it's so important because variable costs are a key driver of...

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What Is Total Business Revenue?

A question that comes up often is what is total business revenue and why is it important that we understand that number in our business?

So just to take a step back inside every business, there's...

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Why the Future of Your Business Is Critical to Its Value

As a business owner, you’re likely proud of the results you’ve achieved in the past,  but when it comes to the value of your business, your future is critical. That’s why ...

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How To Avoid Disappointment When It's Time To Cash Out

How do you avoid not being disappointed with the money you make from the sale of  your company? 

Perhaps you’ve heard that companies like yours trade using an industry rule of thumb...

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Being Stingy With Your Equity

It can be tempting to offer shares in your company to finance its growth. These days, there are plenty of investors chasing promising new companies and, in today’s tight  labour market,...

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How Jessica Went From Rejection to Building a $20 Million Business

Ever wondered why some business owners can't create sustainable growth? Find out three things that separate successful entrepreneurs from everyone else.

Scaling a business will often require...

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Your Financial Model is a Powerful Tool (And How to Itemize Each Component)

Having access to solid information puts you in a position to make better financial and strategic decisions. Your business’s financial model can provide access to that data.

How often do you...

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