Are you a small business owner trying to wrap your head around the world of accounting? One term that might have you scratching your head is "depreciation." So, we're here to break it down in an easy-to-understand way. But, let’s start with the official way this...
Increasing small business profitability is more than just lowering costs or raising prices. It's about achieving a balance between managing costs, optimising processes, and creating value that keeps customers coming back. We all know that running a small business is...
Do you want to learn more about profitability analysis but aren't sure where to start? Understanding your company's profitability is critical for making sound decisions that can lead to increased financial success. Profitability analysis is a financial tool used by...
Sales forecasting is such a valuable element of business planning. It is the underlying plan of all plans! This is so because when sales forecasting is done right it can enable the business owners or managers to: be comfortable when making business decisions course...
Understanding the different types of business costs is crucial for effective financial management. Because your profit will depend on the types of costs that prevail in your business. This blog looks at the relationship between the types of costs in your business and...
How much should I charge for my time is question I am often asked. A great question by the way If you're like most small business owners and entrepreneurs, you're always looking for ways to earn more money. But how do you know what to charge for your time and...
Do you know What is the difference between cash and profit ? The majority of the time, people think that businesses only need to be profitable for them to last. But even the most profitable businesses go under, and often for a single reason. It’s because the people...
This weeks blog and video continues with pricing, moreover How you should price your products, and how to calculate your product prices . In addition you need to know this when developing pricing strategies for your business. Our video goes through this So, if your...
What is profit? There are several important elements that make up your business story, some more important than, some less important than others. However, I think it would be safe to say that ‘profit’ is one of if not the most important element. Without profit where...