Podcasts
Why you should ignore your numbers
So, if you’re someone who hates numbers I have five reasons Why you should ignore your numbers. Firstly, if having no clarity or focus in your business sounds appealing to you then by all means continue to avoid looking at your numbers. Secondly, if...
Assets and Liabilities Explained: What They Mean in Business
Assets and liabilities are two of those accounting terms that sound more complicated than they need to be. However, understanding them gives us a much clearer picture of what a business owns or controls, what it owes and the resources available to help it generate...
Gross Profit Explained: How to Calculate Gross Profit, Margin and Markup
Gross profit explained simply: it is the money left from sales after you take away direct costs or cost of sales. Sales alone do not show whether your business is healthy. Instead, gross profit helps you understand pricing, costs, margins and whether each product or...
What Is Operating Profit? How to Calculate Operating Profit and Margin
What is operating profit? It shows how much money your business makes from its core activities after you take away direct costs and operating expenses. Sales alone do not tell the full story. Instead, operating profit helps you understand how well the business...
What is operational gearing and how to measure it
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...
What does break even mean?
If you want to stay afloat in your business, understand break even and how it can help. Every industry needs this key number for different reasons but regardless of what kind of company or size you are you should have a grasp on these fundamentals!...