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Changing Your Business Model

Changing Your Business Model

by david@numbercraft.us | Oct 20, 2023 | GUIDES: Increasing Profit

Your current business model is the way your business earns money. A change in your business model can bring substantially more income – sometimes for less work and lower overhead costs. Technologies and markets change at an ever-increasing rate, opening new growth...
Creating Value in Your Business

Creating Value in Your Business

by david@numbercraft.us | Oct 19, 2023 | GUIDES: Management Resources

The key to building value in your business is to plan the process in a systematic way, whether you’re aiming to grow your business or groom it to get a better price from a buyer. Looking through the eyes of buyers Whether you just want to build a stronger business, or...
Advertising that Works

Advertising that Works

by david@numbercraft.us | Oct 18, 2023 | GUIDES: Sales & Marketing Resources

Advertising should be viewed as an investment that should generate a return, rather than a fixed cost. Many businesses spend money on the same kind of advertising each month without knowing what is working and what isn’t. Effective advertising builds profile,...
Calculating Start-Up Costs

Calculating Start-Up Costs

by david@numbercraft.us | Oct 17, 2023 | GUIDES: Resources for Starting Up

Before you start a business, you need to know exactly how much money you’ll need, and where it’s coming from. You’re out of business fast if you fall short before you’ve started. Why you need to plan ahead If you want to see your new business start-up succeed, you can...
Pricing Strategies to Beat the Competition

Pricing Strategies to Beat the Competition

by david@numbercraft.us | Oct 16, 2023 | GUIDES: Business Planning Resources

How you price can have a dramatic effect on your sales, cash flow, and profit margins. Your pricing strategy will determine how customers see your trade business in the marketplace – naturally comparing your prices with your competitors. What you need to know to build...
Organizing Your Business for Sale

Organizing Your Business for Sale

by david@numbercraft.us | Oct 15, 2023 | GUIDES: Exiting & Selling Resources

It’s important to start organizing your business to sell as early as possible. Business owners often think about selling during a downward trend but the best time to sell is when your business is in good shape. If you plan ahead, you’ll be readier when the time comes....
Why Do I Have to Pay Tax When I Had a Cash Loss?

Why Do I Have to Pay Tax When I Had a Cash Loss?

by david@numbercraft.us | Oct 14, 2023 | GUIDES: Financial Resources

How can there be a profit if the year’s ended with no cash? It’s quite common for businesses to end the year with little or no cash, only to be told by their accountant that they made a profit and must now pay tax. The reason for this is that tax is decided on the net...
How to Write a Customer Questionnaire

How to Write a Customer Questionnaire

by david@numbercraft.us | Oct 13, 2023 | GUIDES: Management Resources

Questionnaires provide an excellent way of getting feedback from your customers because everyone is familiar with them and is used to filling them in. You can use the feedback from a well-designed questionnaire to improve your business procedures and your marketing. A...
How to Develop New Products & Services

How to Develop New Products & Services

by david@numbercraft.us | Oct 12, 2023 | GUIDES: Increasing Profit

Markets are dynamic and constantly evolving so no business can afford to stand still. No matter how excellent your products or services, they have a finite lifespan, so they must be developed or replaced if you’re to continue growing your business. New products and...
Developing Employee Skills

Developing Employee Skills

by david@numbercraft.us | Oct 11, 2023 | GUIDES: Resources for Managing Teams

Developing employee skills creates a situation where your company benefits from a more knowledgeable and capable employee, while your employee gains additional skills or qualifications. This can give employees the chance to further their career and possibly increase...
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