Archive for the ‘Service-Based Businesses’ Category

• KPI Spotlight: Cash Conversion Cycle for Service Firms

  • May 28th, 2026
  • Posted in KPIs, Service-Based Businesses
  • Tags: Tags: accounts receivable, cash conversion cycle, days sales outstanding, dso metrics, KPI spotlight, service business, service firms, service-based business
    

  For many businesses, inventory is a major part of the cash flow equation. However, the story is different for service-based companies. In professional services, consulting, marketing agencies, IT firms, contractors, and similar industries, accounts receivable often function as “inventory.” That… Read More

• How to Price Professional Services: A Practical Guide to Profitable, Sustainable Pricing

  • January 9th, 2026
  • Posted in Service-Based Businesses
  • Tags: Tags: cost of services, service pricing, service-based business, small business, start-up
    

  Knowing how to price professional services is one of the most important parts of running a service-based business. Whether you’re a consultant, agency owner, accountant, engineer, or creative professional, your pricing directly impacts profitability, workload, and long-term sustainability. Price your… Read More