Ask yourself how much your bottom line will improve or decline by if you raise or lower your gross profit margin by just 1%. Still can’t afford a Gross Profit Officer?
To increase profitability – We’re going to purposefully do less!
It’s great to grow sales, increase in size and be busy but do you know where your profit is coming from and where it’s not?
Cost control: Don’t let costs embed themselves in your business
We looked at how costs and processes get embedded in a business and stay there, like fossils, for years and years, eating up cash, when they don’t need to be there at all!
Financial information – use it to improve profitability and cashflow
We have many blogs about financial information and how it is the foundation for improved profitability and cashflow. Here’s a selection all rounded up and in one place for you.
QuickBooks Online Training
Our QuickBooks Online training sessions use your live data to get you where you want to be with QuickBooks. Your business is the classroom!
Know your numbers, don’t get lost in the fog
The technology doesn’t change the essentials and there is a real danger that businesses can get so caught up in the “how”, the graphs and the apps that they forget the real point of why they want the numbers in the first place.
Part time finance director – could be just what you need
The ideal progression is for the part-time FD to make most of the job redundant by training other people to do it and ensuring that things which are fixed stay fixed.
Profitable pricing – goes right to the heart of your business
Look at your competitors and see what fronts they are fighting on (or not) and look beyond your own market for ideas about how to position your business so it stands out from the crowd.
This must be my profit, it says so on my phone!
Cloud accounting software is often sold as being everything you need, easy to use, do it yourself etc.
Well so is a Delia Smith cookery book – and you really don’t want to see my attempt at a soufflé!
Profit Margins: Make more money with every sale
Increasing your profit margins results in higher profits and improved cashflow. It’s so beneficial and simple to put in to practice – start making your changes today