Tag: Profitability

Most business owners don’t delay their bookkeeping on purpose.   It usually starts with good intentions. You’re busy serving clients, managing staff, chasing opportunities, and trying to keep everything moving. The receipts can wait. The bank reconciliation can wait. Sorting out that pile of paperwork can wait. Until suddenly it’s three months later, your BAS is due, and you’re wondering where the time went. While putting off bookkeeping might seem…  Read more

Most business problems don’t appear overnight. Usually, the warning signs have been quietly building in the background while everyone’s busy keeping the wheels turning. The key is spotting issues early before they turn into cash flow stress. Your Numbers Will Tell You First One of the biggest warning signs is falling sales revenue. If revenue drops below the level needed to comfortably cover overheads and profit targets, it’s time to…  Read more

Without knowing your break-even point, you can’t make informed business decisions. Period.  But it can be quite daunting finding this break even point.  Will breakeven be possible, will it be reachable? To cover the costs of your business you need to sell enough goods or services to reach your break-even point. Knowing where that point is, and how long it will take you to reach it, can be fundamental to…  Read more

“My business is not making enough money, and I don’t know what to do.” We hear it all the time. Instead of ignoring the cause of the problem, it is time to put the brakes on and review the non-essential costs. When faced with cash flow or profitability issues, most business owners first reaction is to try and find new clients or customers.  Feeling desperate, they totally forget what their…  Read more