Blogs about making your business predictable and reliable

Taking Wages versus Profit?

Taking Wages versus Profit (or Both) As a Business owner which is better Profit or Wages? I am often asked this question: Should I pay myself more, or take extra profit from the business? The best way to work out the answer is to start with some definitions: Profit [...]

2016-12-20T13:08:48+11:00August 10th, 2015|Blog, Budgets, Profit|

5 Tips to Fix Budget Problems

To Fix Budget Problems Investigate the Causes Oh No - it doesn't look like I thought it would!!! You built a budget, and took the time to get some actual information entered as well, and now you're looking at your Profit: what you expected, against what your business is doing [...]

2016-12-20T13:08:48+11:00August 3rd, 2015|Blog, Budgets, Profit|

Mark-up versus Profit Margin

Understand Mark-up versus Profit Margin Mix them up and you may rip yourself off! * Pricing Right = Good Mark-up * Profiting Well = Good Margin You can't calculate margin without first establishing your mark-up Margin and mark-up are rooted in the same concept [...]

2016-12-20T13:08:49+11:00July 27th, 2015|Blog, Budgets, Profit|

Help Your Reports Help YOU!

What would happen if your Reports Helped you more? Simple: - you would never make bad decisions! Your reports are decision-making tools, rather than data summaries. Do you regularly receive reports, or have you given up entirely and instead make decisions on the fly? Most business reports simply provide numbers, [...]

2016-12-20T13:08:51+11:00February 17th, 2015|Blog, Budgets, Profit|

3 Ways to Avoid Budget Flops

3 Ways to Avoid Budget Flops Don't let your Budget turn into a Fiasco Fix it Quick! The fact is sometimes (no matter how hard we try) budgets turn against us, they become unhelpful burdens; - we spent hours getting a budget together, only to then have them fail us! [...]

2016-12-20T13:08:54+11:00November 5th, 2014|Blog, Budgets|

4 tips for raising your prices now

4 Cs to help Raise Your Prices Right Now! Without Losing Customers Pricing in many ways is the easiest method of increasing your profits, and yet many of us find it the hardest to address. A great way to maintain profits is by raising your prices at least once a [...]

2016-12-20T13:08:54+11:00October 27th, 2014|Blog, Budgets, Profit|

Top 6 Myths About Accounting

Top 6 Myths About Accounting Accounting Myths are my Biggest Bugbear Let's Bust them once and for all! (You might even decide to like your accountant better) Myth 1: Accounting only exists to help me Appease the Government. Rubbish! - Accounting's tax focus has only arisen over the last 15 [...]

2016-12-20T13:08:54+11:00September 29th, 2014|Budgets, Profit|

Your Profit needs Markups and Margins

Un-confuse your Mark-ups and Margins It is too easy to set mark-ups so you end-up with negative margins (lose money)! * Pricing Right = Good Mark-up * Profiting Well = Good Margin Mix them up and you may rip yourself off! Quick Definitions to help you clear this up [...]

2016-12-20T13:08:55+11:00September 16th, 2014|Budgets, Profit|

6 Steps to Choosing Effective KPIs

Choosing Effective KPIs isn't easy Use these 6 steps, to get the best out of your Business KEY PERFORMANCE INDICATORS - exist to direct decisions and actions; effective KPIs motivate profitable, and successful, business decisions. It seems most people forget to think about the name itself 'Key performance Indicators' when [...]

2016-12-20T13:08:56+11:00July 28th, 2014|Blog, Budgets, Cashflow, Profit, Selling Support|

5 tips to Fix Budget Variances

To Fix a Budget Variance do an Analysis Oh No - it doesn't look like I thought it would!!! Don't Panic! You built a budget, and took the time to get your actuals entered.- Now you can see there are differences between the two - what next? Simple: you [...]

2019-06-18T16:54:00+10:00June 16th, 2014|Blog, Budgets, Profit|

How to Build a Budget- and improve your profits

Create a really useful management tool using this 'How To Build A Budget' Definitions: A Budget is an estimate of income and expenditure for a set period of time.  It is a Plan created to record, in financial terms, the goals and objectives you want to achieve in your business over a period. [...]

2016-12-20T13:08:21+11:00April 15th, 2013|Blog, Budgets|

How to Start a Budget and why Bother

Want to improve your profits? - Start A Budget! A budget is a listing of what you intend to earn and spend, usually during the next year, split into months – it outlines what you want to get done in your business in monetary terms. Why Bother to Start a [...]

2016-12-20T13:08:21+11:00April 8th, 2013|Blog, Budgets|

How to Create Successful KPIs in 4 key steps

Creating Successful KPIs isn't easy Use these 4 steps, to get the best out of your Business KEY PERFORMANCE INDICATORS - exist to direct decisions and actions; effective KPIs motivate profitable, and successful, business decisions. It seems most people forget to think about the name itself 'Key performance Indicators' when [...]

2016-12-20T13:08:24+11:00December 11th, 2012|Blog, Budgets, Cashflow, Profit, Selling Support|
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