by david@numbercraft.us | Nov 11, 2023 | GUIDES: Exiting & Selling Resources
Putting a succession plan in place helps ensure the future stability of your business when you step aside or if unforeseen events happen. Succession plans should be made well in advance if they are to be executed properly, and legal battles are to be avoided. Further...
by david@numbercraft.us | Nov 10, 2023 | GUIDES: Increasing Profit
Growth has its risks but a well-designed strategy can deliver stability, security and long-term profits. When it comes to expansion, it’s not always necessary to borrow money. You’d be surprised how your own internal resources can be maximized to provide at least some...
by david@numbercraft.us | Nov 9, 2023 | GUIDES: Sales & Marketing Resources
It’s easy to come up with a number of business ideas but to make sure your idea is viable and can be run at a profit, you’ll need to do quite a bit of market research. The good news is that doing your own market research is not as hard as it sounds. Here are five top...
by david@numbercraft.us | Nov 8, 2023 | GUIDES: Resources for Starting Up
The break-even point is the point at which your company makes enough money to cover its costs. Past this point, the company starts to make profit. Finding the break-even point through the analysis of costs is one of the most useful processes an entrepreneur can...
by david@numbercraft.us | Nov 7, 2023 | GUIDES: Exiting & Selling Resources
Successfully exiting a business is a dream for many owners. Follow these ten steps and you’ll be in great shape to make your dream become a reality. Many entrepreneurs desire to build and sell a thriving business. A financially successful exit is certainly achievable,...
by david@numbercraft.us | Nov 6, 2023 | GUIDES: Increasing Profit
If you’re in retail, there’s money to be made online and it’s important your new business finds its place in the online market. Survey your regular customers Many retail businesses are now offering online shopping features. Their keys to success involve measuring the...
by david@numbercraft.us | Nov 5, 2023 | GUIDES: Resources for Starting Up
Many people underestimate start-up costs and start their business on the back foot financially. This can mean a long crawl up to your breakeven point and into profitability. Quite often it results in the business never making a profit at all. What you need to do is...
by david@numbercraft.us | Nov 4, 2023 | GUIDES: Business Planning Resources
Getting paid correctly and on time by customers can be a constant frustration for business owners. Communicating your terms is the best way of making sure you aren’t out of pocket – or are left chasing debtors. Setting your terms of payment Your terms of payment let...
by david@numbercraft.us | Nov 3, 2023 | GUIDES: Exiting & Selling Resources
Knowing the value of your business is vital should an unexpected buyer come along, and the timing is right for you to sell. You’ll want to get the best price you can so make sure you have an accurate idea of your business’s worth. A business’s value is taken from both...
by david@numbercraft.us | Nov 2, 2023 | GUIDES: Financial Resources
Below are some suggestions for unlocking funds without affecting your operational capacity. Keep in mind that you should always seek professional guidance before making changes to your business if you are unsure of the repercussions or potential issues. Hidden sources...
