by david@numbercraft.us | Dec 10, 2023 | GUIDES: Increasing Profit
Finding money for the essential assets you’ll need to run your business efficiently can be a challenge. You’ll need to decide whether leasing or buying is best for your business. Is borrowing money essential? Whether you need to purchase a vehicle, some computer...
by david@numbercraft.us | Dec 9, 2023 | GUIDES: Increasing Profit
Sales and profit are two very different things – as a business owner, you can find yourself without the cash to pay bills despite making sales you knew were profitable. You may also be startled to discover that strong cash flows from sales deliver little profit. What... by david@numbercraft.us | Dec 8, 2023 | GUIDES: Increasing Profit
It’s important to identify and monitor the key drivers of your small business to boost profitability and cash flow. Boost profitability by recognizing your key drivers Identifying the key drivers of your business is critical to boosting profitability. A key ‘driver’...
by david@numbercraft.us | Dec 7, 2023 | GUIDES: Increasing Profit
Taxes – there’s no avoiding them. But there are ways to reduce the amount you have to pay so that your business is more profitable. All it takes is some preparation, planning, and the advice of a good tax specialist. So, one of the first things you need to do is talk...
by david@numbercraft.us | Dec 6, 2023 | GUIDES: Increasing Profit
Operating at a loss simply means you’re spending more money than you’re making. And while it’s not uncommon, especially for new businesses, it’s still not an ideal situation and one that shouldn’t be allowed to continue in the long term. Otherwise, eventually you’ll...
by david@numbercraft.us | Dec 2, 2023 | GUIDES: Increasing Profit
Depreciation is basically a reduction in the value of an asset over time. What this means for your business is that if you buy a substantial asset like a computer or a car, you can claim a certain amount of the loss of value over time as a business expense. It’s also...
