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 at...
Cash is your financial priority, which is this weeks I Hate Numbers podcast. In previous weeks turnover and profits have been in the spotlight, this time Cash is taking centre stage. In this podcast I'm going to look at What cash is Why Cash is your financial...
Last week I talked about turnover, this week it’s What are your business profits? Most people see profit as the difference between money in and money out. When people say money, they mean notes and coins, what's in their bank account. That sounds nice, and easy to...
Profit should be one of your main business goals, but What is profit in business, and why is it so important? Making profits should be one of your key financial and business goals. Profit is used to build sustainability, monitor, manage, and measure your performance....
What is turnover in business? Turnover is the total value of what your business sells before deducting costs. It is also called sales, revenue or income, and it appears in company accounts, tax returns and everyday business conversations. However, turnover on its own...