When you are running a business it’s easy to confuse cashflow with profit. After all both could be considered to indicate that you’re making money, so what exactly is the difference between the two? Profit Profit looks at the total financial gain (or loss) that a business experiences over a […]
Tag Archives: profit
03
Aug
Aug
A common issue in business occurs when business owners don’t fully understand how profit their business is generating. The Importance of understanding profitability: Financing – Understanding business profitability is important as profits influence financing decisions such as obtaining loans from banks. Dividends– Profitability is also important when extracting dividends […]
15
Apr
Apr
Before the coronavirus mayhem, we held a successful event named 7 Ways to Grow your Business. The result of each of the 7 ways is; increased profit. Profit is: Profit = Sales – Direct costs – Overheads You have four choices right now: Do Nothing Retreat Take Normal Amounts of […]