Remove small-business startup
article thumbnail

Your 4-Minute Guide to Calculating Operating Income

Hubspot

Profitability is a key measure of a company's success, especially for startups. Approximately 20% of small businesses fail in their first year of business. The multi-step income statement provides an overview of how well a business' core business is performing. What is operating income? Gross Income.

article thumbnail

Accounting 101: The Ultimate Guide to Accounting Basics

Hubspot

In college, I started a local consignment business. It was very different from my freelance writing business for a few key reasons: I had employees, I had physical products (which meant a physical store and check-out process), and I had a different legal business entity. Accounting is a necessary part of running a business.