Gross Profit and Net Profit

Gross Profit and Net Profit

Gross and Net Profit In our last blog we looked at profit and saw that it is more Important than Sales. This week we will go one step further and look at two types of profit, Gross profit and Net Profit.  These are profits you would typically encounter in your...
Knowing Your Costs Make You Money

Knowing Your Costs Make You Money

Knowing Your Costs Make You Money Knowing your costs makes you money, a statement of the bleeding obvious perhaps.  The thing with statements of the obvious is we sometimes forget the business basics. You need to be serious about making money in your business, by...
Business Plan: Final Steps

Business Plan: Final Steps

Business Plan: Final Steps This blog looks at your Business Plan:Final Steps.  It follows on from our previous blog where we mapped out the initial stages. Management People reading the business plan need to be given an idea of why they should have faith in the...
Writing your business plan

Writing your business plan

Writing your business plan Writing your business plan is a smart way to map out your future business story.  Loads of businesses don’t bother writing one, and then again loads of businesses don’t survive and thrive. A good business plan focuses the mind, brings...
Bookkeeping: Business Number Collection

Bookkeeping: Business Number Collection

Bookkeeping: Business Number Collection follows on from our last blog post on loving numbers. Previously we talked about loving numbers and why they need love.  Today, we want to talk to you why and how you collect those numbers, those ‘words’ to tell your...
Cost Type: Direct & Indirect

Cost Type: Direct & Indirect

Cost Type: Direct & Indirect First of all accountants love labels, consequently one of these applies to costs.  Direct and indirect costs differences Furthermore it is important to know the difference. As re result this helps when it comes to: Pricing of goods and...