Business Revenue Sales, turnover, income, whatever you decide to call it. Revenue is the money coming in to a business. For most business owners it forms the lifeblood of the company, it is what everything else is pointed toward. However one of the biggest accounting mistakes businesses make is thinking revenue is revenue when it
-> Continue reading When Is Revenue Not Revenue?
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
-> Continue reading Ideas To Increase Profit Margin
What Is Cashflow? Sounds pretty simple doesn’t it. Cashflow is the flow of cash in and out of your business. But, this is like saying a car engine is simply a combination of parts that make the car move. Technically you would be correct, but to make the car run better you would need to
-> Continue reading What Is Cashflow?
So what is Opportunity Cost? Put simply, if you have a choice of items to purchase and buy the best, then the ‘cost’ is not using the benefits it offers compared to the next best purchase you could have made. Clear? Probably not! So let’s just say it is about making the best use of
-> Continue reading Opportunity Cost – Why It Can Reduce Costs & Grow Profits
A Long Long Time Ago, In A Galaxy Far Far Away We have recently secured bespoke funding for one of Brighton’s leading independent cafe chains. The Story So Far.. When a successful, profitable and well run business cannot secure finance you have to question why. Normally the answer is that there is an underlying
-> Continue reading Success For Brighton Cafe Chain