Business Owners: want more profit this year? Profit is a “non-negotiable”. It serves as a vital metric of your business success. The best place to start 👇 1️⃣ Know your profit 2️⃣ Monitor your profit 3️⃣ Create a profit goal If you’re fed up with lack-lustre financial performance, your relationship with profit needs to change. Knowing and monitoring your profit makes you hungry for more ✅ We need to go on a mission to achieve more 📈 It’s a good financial management KPI to ensure the long-term viability and future success of your business. Profit improvement will give you confidence to reinvest in your business, hire staff, and innovate 💪 The higher the profit margin, the more you can reward yourself and your staff and you’ll have funds set aside to cover your taxes. P.S. It’s okay to be profitable and keep improving it 😊
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Turning a profit is at the heart of running any successful company - But without cash flow, you can't run your day-to-day operations or grow the business. Talk to us about how you can increase cash flow in your business. #businessadvice #cashflow
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Turning a profit is at the heart of running any successful company - But without cash flow, you can't run your day-to-day operations or grow the business. Talk to us about how you can increase cash flow in your business. #businessadvice #cashflow
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There are many types of side hustles you can start even when you have limited cash on hand. Try taking a skill you already have and find ways to teach or share your knowledge with others. Navigating inflation as a small business owner isn’t easy, but you have options. Diversify your supply chain, prioritize your cash flow, and talk to a financial professional if needed. Persona: HENRYs A business plan is crucial to turning profits into wealth. Your business plan should include short-term and long-term goals, budgeting, forecasting, and a contingency plan. Growing a business is impressive, but it takes more than just turning a profit to build wealth. It requires a mind shift from short-term gains to long-term prosperity. Read our latest blog to learn how. Working for yourself can make good financial sense once you're mid-career or have picked up the skills you need to offer your services. Read our latest blog to see why owning a small business could be your next best move.
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Wayne will cover the key areas in your business that you can influence and the strategies you can adopt to achieve growth and improvement.
Chartered accountant. Making life easier for small business owners. Helping you find more time, more money and peace of mind.
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