7 Profit Winning Strategies for Your Business
Do you feel you are working long hours and working really hard, but still can’t seem to get ahead money wise? Do you leave your financials up to your accountant, and don’t really understand them? Imagine knowing exactly how to make more money in your business and more money for you without working any harder […]
Three Types of Cash
In this weeks article we will discuss the three types of cash. Understanding these cash types can help you, the business owner, avoid many pitfalls that sink so many businesses. Remember, the number one reason businesses fail is not because they are unprofitable; it’s because they run out of cash! Three types of cash Since cash is so vital […]
Understanding Financial Statement: Types of Cash
Understanding these cash types can help you, the business owner, avoid many pitfalls that sink so many businesses. Remember, the number one reason businesses fail is not because they are unprofitable; it’s because they run out of cash! Three types of cash Since cash is so vital to the health of a business, is all cash created […]
Turn Incremental into Massive Growth Profit
Does this headline sound unrealistic? Today I’m going to further illustrate a little known principle called “Divide to Multiply”. The Divide to Multiply principle encourages us to segment a concept into its finest increments to produce deeper understanding. Then, by focusing on incrementally improving each segment, we benefit from the synergistic effect of those small improvements multiplying […]
The 12 Days of Christmas
As its Christmas, I thought I would keep the flavour of the month and base my advice on the song the 12 days of Christmas! My brief is to give you some ideas for improving your profit margins. As one of Simon’s oldest customers, not only physically, but also in length of time I have worked with […]
Low Cost Ways To Build Profit
When profit declines, business owners react in various ways. Some look to cut expenses while others look to get more leads and customers by investing in advertising and other lead generation strategies. While controlling expenses is important whether profit is up or down, cost cutting is typically a short-term fix – you can only cut […]
Increase Your Profits Not Just Your Revenue
When you hear people talking about sales goals, they’re almost always referring to revenue. “I want to do £1,000,000 in sales. I want my company to grow to £10 million, £100 million, even a £1 billion.” But, which is more important, revenue or profits? They’ve probably got it wrong. Shouldn’t the goal be to dramatically […]
Breakeven Analysis
Breakeven analysis is a tool used to determine when a business will be able to cover all its expenses and begin to make a profit. For the startup business, it is extremely important to know your startup costs, which provide you with the information you need to generate enough sales revenue to pay the ongoing […]
Improving Your Profit Margins
Profit Margins are critical to your profitability. You can have a fast growing business but without acceptable profit margins, all of your growth efforts will be for nothing. It is critically important that you not only know your overall margins, but you must know them by product or service type. Why is this so important? […]
Introduction to Financials – Where Am I and Where Am I Going?
As a business owner, you are the captain of your ship or the pilot of your plane. Are you aware of where you are and where you are going? Your family, employees, customers, suppliers, and bankers are relying upon your piloting skills. Imagine that you are walking into a commercial aircraft to fly to Denver. As you […]
