When diving into the intricacies of business finance, one of the most common points of confusion for many business owners is the difference between gross profit margin and markup. It might seem like a minor distinction at first glance, but it plays a pivotal role in ensuring healthy cash flow and overall profitability. So, let’s […]...
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Implementing a Break-Even Plan in Small Business In the challenging world of small business, acquiring a fine balance between revenue and expenses is pivotal. Often, the ambition of many small business owners is not just to survive but to thrive. It is here that understanding and reaching the break-even point becomes crucial. Implementing a break-even […]...
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Managing cash flow is a pivotal concern that lies at the heart of small business operations. Cash flow, as many business owners will confirm, is the lifeblood that keeps the organisational machinery running. When this flow is interrupted or reduced, the ramifications can be deeply felt across all levels of the business. Let’s take a […]...
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If your bank account is constantly short on cash’ then read on because I am going to help you eliminate those “feast or famine” cycles that afflict far too many businesses by helping you reduce your CASH GAP. While thinking about the simple strategies below, remember if you don’t ASK, you don’t GET! There are […]...
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If your money isn’t stretching as far as it used to, chances are you’ve allowed “budget creep” to infiltrate your company’s resources. Here’s how to eliminate that problem — fast! It’s an issue that negatively impacts your bottom line: UNNECESSARY EXPENSES. You see, the bigger your business is, and the more people, projects, and activities […]...
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Are you leaking money due to inefficient systems and shrinking margins? If so, this could be a good read for you as I discuss how to avoid that trap. I want to introduce you to a concept that will significantly impact your business’s profitability (without spending an extra penny): INCREASING YOUR MARGINS. Here are some […]...
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