CoreConnex Blog: a business-focused forum for VARs, MSPs and IT service providers.

When Sales Growth Can Ruin Your Company

Over the past several months we have been noticing a surprising number of companies growing their top line and shrinking their bottom line. Increasing revenues and decreasing profits should set off major alarm bells. Though there are times when that can be a good thing, like right after you hire a new engineer, it is definitely not a situation that…

The Biggest Driver of Profits is Not What You’d Expect

It’s not payroll, not the number of clients, not ability to land new sales, not billing rates, not the business model, not overheads and not a lot of other things that  might come to mind.  The one metric that jumps out as the clear driver is total revenue per employee.  Research shows there is very little meaningful difference in these aforementinoed…

Azure Platform for Industrial-Strength SaaS!

Azure Platform for Industrial-Strength SaaS!

Corelytics is now certified and operational on Microsoft’s Windows Azure cloud. We are taking this cloud thing seriously, and are now doing what we have advised other companies to do.

Microsoft recently interviewed us about our app and our move to Azure.

Why did we make this transition? Actually there are a lot…

We Won the Intuit Apps Showcase Grand Prize! What’s Next for Corelytics?

Corelytics was thrilled to receive the grand prize in the Intuit Apps Showcase event last night in San Francisco with Team Intuit, ten venture capitalist judges, QuickBooks Pro Advisers and a ballroom full of peers from the Intuit App ecosystem.  Corelytics receives $25,000 plus a marketing campaign with Intuit. 

Here’s what Intuit says about Corelytics

Read the Intuit Press Release

The

Passion started your business, performance sustains it

The majority of people I have run into who have started a business over the last ten years have had great instincts about an idea to provide services or sell products. Running a small business is a difficult undertaking, but the companies who are thriving and growing are the ones that understand the truth about their financial performance – they…

Top 3 Reasons Small Businesses Need a Financial Dashboard

In the last two years we’ve been involved in providing thousands of small business owners with access to the tools and resources they need to enhance the performance of their companies. We have had the honor of being on the front lines with business owners in companies who make anywhere from $100,000 to $30M in annual revenues.

Accounting software

Market Trends – How Do They Impact Your Business?

Serious boaters, and especially sail boaters, will tell you that plotting a course to your destination is critical but not enough to get you there. You also need to compensate for winds and currents. You need to know about tide changes and current flows and how they impact your course or you might find yourself at an unintended destination.

Business…

Employee Contributions – No Room for Guessing

Your biggest expense is your payroll. And your most unforgiving payees are your employees. If you miss  payroll or make partial payment to staff, there is panic, fear and major distrust. You are messing with their livelihood and that is not acceptable. But if your employees contribute what is less than needed to run the business… well, ooops… that’s just…

What is EBITDA and why business owners should know about it?

EBITDA is measure of your company’s ability to produce income on its operations during a given year. It is calculated as the company’s revenue less most of its expenses (such as overhead) but not subtracting its tax liability, interest paid on debt, amortization or depreciation. The basic calculation for EBITDA is as follows.

EBITDA is a…

Coaches – Bring Value to Clients with a Dashboard

Calling all business coaches, management consultants and advisors: we now have coaches using the Corelytics Financial Dashboard as a part of their service offering and getting great results!

The real beauty of making Corelytics part of the client relationship is that you, as coach, no longer have to ask for financial performance information. You automatically get to see exactly what your…

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