by Sara Jayne Slocombe | 25 Nov 2024 | Blog
Have you ever looked at the email from your accountant, saying you had an excellent year, quarter, or month, and then looked at your bank account sitting far too close to zero for your comfort, and wondered why there’s such a discrepancy? In this series of blog posts,...
by Sara Jayne Slocombe | 13 Nov 2024 | Blog
Do you ever think about selling your business? Or buying one? Then you definitely need to know about EBITDA. You can also use it to compare your business against your competitors in your industry. And, as ever, you can use it to see your own improvement in managing...
by Sara Jayne Slocombe | 30 Oct 2024 | Blog
In this post, we’re focused on the questions: How much from each sale is left to pay for your fixed costs? How many more do you need to sell in a period to bring in the same amount to pay for your fixed costs? Using these, you can start to work out how much you should...
by Sara Jayne Slocombe | 23 Oct 2024 | Blog
This is one way of dividing your costs. We’ve discussed direct costs and overheads (or indirect costs), which is splitting costs based on their nature. In this series, we will split costs based on their behaviour: they are either fixed, variable, semi-variable,...
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....
