Managing your business effectively can make work fun again. If you’re feeling the frustration, read on or listen to the podcast for some tips on how good MI can point you in the right direction! I want to share this short podcast with you all about how to bring the …
Displaying 3 Posts categorized under financials
Understanding Your Finances: Overhead Percentage
Last week we looked at gross profit margin. This week we’re looking at overhead percentage and how both these figures determine your eventual net profit. More importantly, you’ll see how you can use these figures to highlight key issues in your business and save months, or even years of time …
Understanding Your Finances: Profit Margins
Profit Margins In my experience most firms collect loads of management information (MI). However, only a few use it to provide insight into what’s happening within their business. Ask any adviser about their MI and they’ll usually tell you their assets under management, monthly income or annual recurring income figures. While it’s …