The Communications & Business Ops Officer role touches all aspects of business operations from administration to communication, from internal workflows to project management. This is a fully remote, contract role that has the potential to grow to (still remote) full-time employment pending good fit and performance.
HIRING: Director of Financial Operations
HIRING: Senior Bookkeeper
Debunking the Oracles of the “New Normal”
The "New Normal" has become about everything and its mother. Every day, we read hyperbolic predictions for the transformation of our economy, including for the imminent death of entire industries. Good luck making sense of that if you're an entrepreneur trying to budget and plan ahead. The good news, history tells us, is that most oracles of the "New Normal" are dead wrong.
PPP Loan Forgiveness Calculator
We have created a Loan Forgiveness Calculator to help businesses optimize the use of their PPP loan funds. If you have recently received PPP funds or are expecting to do so shortly, you probably have questions regarding loan forgiveness. The government’s guidance in this regard has been far from clear. So we dug as deep as we could into the program’s rules and consulted with various experts to build this model.
Cash Flow Resilience
To decide if a business idea is good, we generally calculate its return on investment (ROI). Yet in doing so, we make the implicit assumption that our cash in hand will always be sufficient to get us through periods of low revenue. And that is quite risky. Everyday, businesses close shop, not because their long-term growth was slow or their value-proposition weak, but because they faced unexpected cash crunches. Building a cash-flow model is what you needed to assess cash-flow risks and better prepare for them.
Doing Away with Budgets
Zero-Based Budgeting has recently experienced a rise in popularity as an effective technique to cut costs and grow margins. In this piece we discuss how large companies have been employing this method as a means to unlock drivers of growth and how your organization might be able to do just the same. We also share the pitfalls to look out for when cutting costs in general.
Viva España!
Atención, señores y señoras, we are now officially bicontinental! Last month, Bernoulli Finance opened an office in Spain, our first on the European side of the Atlantic. In the short term, Bernoulli Finance-Tenerife will be our main analytics unit. In time, it will spearhead our growth in the European and Middle-Eastern markets
Bernoulli Goes Wild
Is Paypal your Pal?
PayPal and Square have shaken up the startup financing space with innovative lending products. Their loans are fixed-fee, delivered almost instantly, and repaid automatically with a percentage of the lendee’s sales. So much prettiness makes you forget to analyze the financial merit of these loans. So we took a closer look at the matter and built a calculator to help you assess your PayPal loan option.
Up in Smoke?
Building a Better Boss
Not liking the boss is the most common cause for employee unhappiness, and in turn a major factor of staff turnover. This is particularly a problem in the food service industry where managers often rise to their position based on skills that have nothing to do with their ability to manage people. Here are a few ideas to ensure that your business is lead by better bosses.
Inventory Ratios
Building on our earlier article on inventory management, we now consider a quantitative approach: ratios. Inventory ratios help precisely measure and manage your stock levels and improve performance, cash flow, and profitability. Here we explain the 4 inventory ratios that every inventory-carrying company should keep in mind.
Inventory Management
It’s a business owner’s worst nightmare: too much inventory sitting in a warehouse, collecting dust, eroding capital, and counting down its days until obsolescence. Then there’s the opposite problem: a sudden spike in demand that your inventory is too meager to meet. How do you regulate your inventory to hit the sweet spot?
The Real Cost of Turnover
The October unemployment figures just came out: unemployment is low, and wages are increasing. In the food space, particularly restaurants, an industry with very low margins and very little wiggle room, this has created a terrible labor shortage. Do you know what your employee turnover is costing you?
Finance with the Stars
A recent study found that each additional star on Yelp results in a 5% to 9% increase in revenue for a restaurant. Like them or hate them, online reviews have become a factor to reckon with if you operate a food business. They have empowered consumers and made the success of restaurants about so much more than product.
This is America
Bernoulli Finance’s engagement in support of mission-positive businesses would be incomplete if, from time to time, we did not address the larger goal of contributing to a more equitable and peaceful society. This feels particularly relevant in a time when racism, sexism, and homophobia seem to be having a ball sponsored by the most powerful in America. This piece is an attempt to use our core expertise – finding meaningful numbers and interpreting them simply – in the service of truth in the public sphere.
The Supreme (Food) Court
The development of gourmet food halls represents one of the top current trends in the food industry. It is expected that by 2020 their number in North America will have multiplied four times from what it was in 2015. This trend reflects important changes in consumption preferences and habits. Millennials want healthy, artisan, and convenient meals, and they prefer eating in communal settings. Does this mean that setting up shop in a food hall is the right idea for every small food business?
Coworking Fluff
The emergence of coworking spaces might be the most dramatic manifestation of the way our work culture is evolving. It was recently reported that shared workspaces have been growing at a yearly rate of 20% in global cities. But what exactly is the appeal of coworking? In this piece, we explore the demand side of the industry, and ask: Do businesses need more than just cheap office space?