by Sara Jayne Slocombe | 17 Oct 2024 | Blog
Now that we’ve ironed out the differences between direct costs and overheads and considered your gross profit margin and your operating profit margin, let’s dive into another way we can use your financial statements to manage your small business. In this post, we’ll...
by Sara Jayne Slocombe | 10 Oct 2024 | Blog
In this series, we’re considering our financial statements, and what they can do for you to help you manage your small business. We’ve had a look at Direct Costs vs Overheads, and at the Gross Profit Margin. In this post, let’s consider your Operating Profit Margin....
by Sara Jayne Slocombe | 3 Oct 2024 | Blog
Now that we’ve sussed what Direct Costs and Overheads are, let’s crack on with seeing how they can help us manage our small business! The first metric we’ll look at in this series is the Gross Profit Margin. The Direct Costs and Overheads Series What are direct costs...
by Sara Jayne Slocombe | 27 Sep 2024 | Blog
When looking at your profit & loss report, you’ve probably noticed that it’s in three major sections: Income at the top, then one set of expenses (direct costs), then another set of expenses (overheads). Have you ever wondered why there is this split between...
by Sara Jayne Slocombe | 4 Apr 2024 | Blog
If you’re a self-employed service provider with one to three main offerings wondering whether the numbers work for you to provide the service you have in mind and bring home the profit you need in the time you have available, then this two-part series is for you. Last...
