Recurring income, also referred to as residual or passive income, is earned by creating or acquiring an asset that continues to pay you income regardless of whether there is still active work being done to the asset. Every Business Owner’s dream! Even so, a lot of Business Owners haven’t managed to acquire or have thought … Continued
Read More >
We have all been warned not to ‘put all your eggs in one basket’ at some point in our lives. A playful warning to simply remind us not to rest all of your opportunity and success in one place! Never truer when it comes to customers for your business and making sure your entire business doesn’t depend … Continued
Read More >
Pricing is an art form, and is very dependent on market conditions and your ability to service that market. When costs go up the natural reaction is to say “I need to increase prices” but is this right or even possible sometimes? It’s definitely not “one-size-fits-all”, you don’t price the same way for everything. It … Continued
Read More >
Work in progress (WIP) is inventory that has begun the manufacturing process and is no longer included in raw materials inventory, but is not yet a completed product. On a balance sheet, work in progress is considered to be an asset because money has been spent towards a completed product. If you do not know your … Continued
Read More >
Following on from Part 1, where we looked at why your business may need finance, the costs and risks of finance and how to position your business as ‘low risk’, in this blog we’ll look at: What are the alternatives to borrowing? There are many options that you can seek before turning to borrowing finance: … Continued
Read More >
Let’s talk about cash in your business. As a business owner, there may be times when you think you need to raise finance. This is especially true when cash is tight or starts to dry up. However, there is lots to consider when borrowing money; such as the additional costs and risks to your business. … Continued
Read More >
The true cost of a salesperson is often 50-100% more than salary. We show you how to set a sales target without dropping your profit margin.
Read More >
What are the costs of holding stock? And how can we increase profits without necessarily taking on more warehouse space?
Read More > 