The Secret To Good Cashflow You have almost certainly come across the old adage “Turnover is Vanity, Profit is Sanity, Cash-flow is Reality” – but what does it really mean? Well here’s a few thoughts for you. Turnover is the lifeblood of any business – it needs to be properly managed at all stages of
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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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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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