Increase Profit Margin If only it was that easy! You sell something for more than you paid for it, pretty much the theory behind all businesses. Margin is the difference between sale price and cost of the goods being sold. In accounting terms this is called ‘Gross Margin’. Take off all your overheads, those things
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Funding Growing Businesses Funding growing businesses can be a challenge, Lender cynicisms, doubts over growth plans, the challenges of growing, they can all work against you. Not fair is it? So how do you arrange funding for a growing business? Take this analogy. Why is garden furniture always reduced come October and full priced in
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The best thing about running your own business is the freedom and excitement to go out, develop your ideas, push forward and grow. The fun is about moving ahead, looking forward and trying to achieve ever more. The boring part is keeping your accounts up to date… Boring but business accounts and good records are
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We try and explain the basics of why a banker doesn’t always understand the entrepreneur and vise-versa. To obtain business finance you need to have an appreciation for what the business banker thinks, it is unlikely the bank will change so to succeed you need to be understanding, sorry… The first in our series of
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Profits, sound pretty simple doesn’t it? You sell, you take off your costs, take off your overheads, feed the family, and what’s left is profit. Maybe, but it is important to understand what profitability is in the eyes of a banker. So what is different and what does a banker look at when profit is
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