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...
Greetings, everyone! In another episode of I Hate Numbers, your go-to for demystifying business finance, we unravel the intricate web of business costs and operational gearing. Understanding Fixed and Variable Costs: In the business realm, understanding your costs is...
Managing Rapid Business Growth goes hand in hand with generating that growth, Rapid business growth may seem like a dream come true, but it can also lead to unexpected challenges. In this weeks video I look at the potential pitfalls of growing too fast, the symptoms...
How to avoid the dangers of rapid growth, my topic for this week's I Hate Numbers podcast. Growth is what all businesses think of. However, rapid growth and poorly managed expansion leads to challenges and headaches. In today's fast-paced and competitive...
Risk is a natural part of business life; using operational gearing measures one of those risks. Sorry to throw in a bit of jargon there at the start, my jargon buster ray gun is there at the ready. Have you ever wondered what operational gearing...
Operational gearing is an important tool for business owners and entrepreneurs. It's a measure of how much profits are being generated by the company's day-to-day operations, as opposed to its investments. In other words, it can tell you how lean your business is...
How to avoid undercapitalization and what it is, is this weeks video and blog. It’s when you run out of money, and the company hits a financial brick wall. This video will cover what it is, why it’s a problem, and how to avoid it. The reason why so many small...
How operational gearing affects your business Do you know How operational gearing affects your business? In a nutshell it shows much risk you have, and affects your survival, growth, and prosperity. What is operational gearing? Firstly, let us talk terms. Operational...