Holding too much stock regardless of what industry you are in, can have its pitfalls. In busy times it can be beneficial to buy more stock than you require if you know you will be using it or can sell it later. You may even have that buying power when you […]
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If you’re a business owner you have most likely sent your employees off on training courses, workshops, or seminars. You see it as a necessary investment so they can upskill, step up, and further themselves in order to further the business. But how many of you – as business owners – […]
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Improvements can always be made at the margin. Small tweaks to your processes or systems can make a massive difference to the end result. It’s the same with your business margin – a 1% increase in your gross margin on $500,000 of sales is an extra $5,000 on your bottom line. […]
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Turning a profit is at the heart of running any successful company. But should profits be the only financial focus if you’re looking to create a stable, long-term business? Cashflow is the beating heart of your business. Without an even and predictable flow of cash into the company, you can’t cover […]
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Are you ready for what 2021 may bring? It is fair to say that out of all the challenges and disruptions that were thrown upon us in 2020, there were many accomplishments that we achieved which should be remembered and brought into this new year. A lot of businesses were able […]
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5 Questions to kickstart your 2021 planning. We hope you all have a break planned that involves being away from work this year. Sometimes the best of plans are created when you are not in your workplace, as you can get a fresh perspective of things and look at your business […]
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Get in Control of Cashflow It’s a well-worn phrase, but cashflow really is the lifeblood of your business. When your cash inflows are greater than your cash outflows, that puts you in a positive cashflow position – giving you the liquid cash needed to trade, improve and grow as a business. […]
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For your business to make money, you need to generate revenue. You produce revenue through your usual business activity, by making sales, getting your invoices paid, or taking cash from paying customers. So, the better you are at selling your products/services and bringing money into the business, the higher your revenue […]
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