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What gross profit means for your business

What gross profit means for your business

In this blog we are going to look at What gross profit means for your business.  Your business journey map must have profit as a destination point, .  If your destination is set for sales alone, then change your route or abandon your journey, it’ll end in tears...

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What is Break even to your business

Most importantly you need to understand the components involved with business activity and breaking even. But how do you find out what your business requires to break even? What's break even? To clarify your business breaks even when your sales cover all your costs,...

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Management Accounting for your Business

Management Accounting for your Business

What is management accounting? Firstly, before we look at why your should use Management Accounting for your Business, let's understand what it is.  Most importantly financial issues impact our working and personal lives. Knowing your numbers is important for all...

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What is profit?

What is profit?

What is profit? There are several important elements that make up your business story, some more important than, some less important than others. However, I think it would be safe to say that ‘profit’ is one of if not the most important element. Without profit where...

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How to budget for your tax bill

How to budget for your tax bill

How to budget for your tax bill- this is not as hard as it may seem. Firstly, imagine the money you have in your account right now as shared funds. Some belong to you, some does not (kind of like a lotto syndicate but less fun). Now with that in mind, if possible, you...

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How information improves your Business Resilience

How information improves your Business Resilience

How information improves your Business Resilience follows on from last weeks blog.  Organisations value information, and the quality of it.  It feeds into your decision-making. However it's not just about financial transactions, it's about much more stuff  in your...

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