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The holiday season is here, and it’s the perfect time to slow down, take a deep breath, and soak in the magic all around. As the year winds down, it’s a moment to reflect on the wins, lessons, and growth of the past 12 months while dreaming big for the year ahead.

Understanding your numbers is essential to setting the right prices and ensuring profitability. Two key concepts in pricing strategies are markup and margin. While they’re often confused and used interchangeably, they represent different aspects of your pricing, and knowing the difference is important for financial clarity.

Keeping track of your financial data is incredibly important. While tools like Xero help manage expenses, invoices, and finances, there’s an exciting technology that can take your accounting further: Optical Character Recognition (OCR) software.

It’s no secret that times are tough for many businesses, and we’re seeing more and more owners facing heightened cash flow pressure. While several factors can impact cash flow, one trend that’s becoming more common is the rise in slow-paying clients.