I often get asked by clients if they should be tracking the costs related to their different products and services. My answer to that is definitely. But, exactly what costs should you be tracking to get accurate information relating to profit and cash flow for each relative service should you be tracking?
[VIDEO] Keeping business and personal financial transactions separate
Sole Traders often ask me what costs they need to take into account in their business. A sole trader is just the structure of the entity that you’re using to run your business through. Whether you’re a sole trader, in other words you use your own name and are being taxed in your own name, […]
[VIDEO] The Dangers of Drawing on Your Business Profits
Many business owners are not necessarily being paid a salary, in other words they’re not being paid a salary through the payroll but instead they are drawing profits as and when funds are available. But how does this affect your business and does it have an impact on your business?
[VIDEO] How do you improve your cash flow?
Are you earning the right margins on your products or services? These steps will help you increase and improve your cash flow.
[VIDEO] Identifying Effective Targets in Your Business
Identifying effective targets can help identify your ‘happy day’ and increase profit in your business! Watch the video for more information!