What are your business profits?

What are your business profits?

Last week I talked about turnover, this week it’s What are your business profits? Most people see profit as the difference between money in and money out. When people say money, they mean notes and coins, what’s in their bank account.  That sounds nice, and easy...
Covid 19 financial support update

Covid 19 financial support update

Covid 19 financial support update, above all it’s vital to know if you run a business, whatever shape or form that is. Most importantly, look at your numbers.  Certainly numbers are your business best friend; they won’t lie to you.  Do your cash flow first, this...
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...