Have you heard of benefits in kind? If you haven’t, then read on to find out how this particular strategy can increase your tax savings as a business owner. What are benefits in kind? Well, they are perks or advantages provided to employees (directors as well) in...
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...
Welcome to this week's episode of the I Hate Numbers podcast. We are excited to share four steps to increasing your profits. Accordingly, these steps will help you keep more of the money you make. Moreover, they are designed to ensure your...
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...
To start our journey towards understanding business success, we often overlook a vital tool: the profitability analysis. Yet, this oversight can hinder our ability to grasp our true financial standing. Calculating Margins Firstly, let's delve into the...
Business turnover, also known as revenue or sales, refers to the financial value of goods and services sold. This weeks video looks at Firstly, what sales turnover is Secondly, how it's measured Thirdly, its strengths Lastly, why it is a vanity metric for financial...
Sales turnover, or simply turnover is misunderstood, with differing opinions on its usefulness in measuring financial success. Turnover is more than a vanity metric, it provides valuable insight into the performance and health of a company. When looking...
If you're a business owner, then Measuring your financial performance, keeping track of it is essential to your success. But do you know how to measure it? In this podcast I'll explain two important metrics for measuring your business's financial...
Product Grouping for Your Business is an incredibly powerful way to run your business. It gives you Firstly, great insights Secondly, lessens your financial and mental anxiety about the future Thirdly, allows you to gauge profitability with a great degree of...
Wondering how The financial power of product grouping gets you more financial understanding in your business? By looking at your business in terms of product groups, you can gain powerful insights into where your money is coming from and where it’s going. This...