Business Planning

a blog featured image with Annette entitled What Is WIP?

What Is WIP?

Understanding and analyzing financial statements are the bane of most entrepreneurs and business owners. They often dread anything that has to do with the financial aspects of their business. Without a financial or accounting background, it would be hard to interpret the numbers written on your financial reports, thus making it challenging to come up …

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a blog featured image with a titled of What is Amortisation?

What is Amortisation?

Business owners have to face a reality that most of their assets—tangible or intangible—lose their value over time. These losses are measurable and have an impact on a business’s accounting practices. We will be tackling amortisation in this context. Amortisation is the process of quantifying the intangible assets’ gradual losses. It means spreading out the …

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a blog featured image with a picture of Annette entitled Profit Margin vs. Gross Profit

Profit Margin vs. Gross Profit

More specifically, profit margin and gross profit margin are ratios used to determine a business’ financial health and performance. Both are expressed as percentages, but the net profit margin measures a company’s bottom line, while the gross profit margin focuses on the efficiency of production costs. Let’s take a look at the distinct differences between …

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a blog featured image of Annette with a focus title topic of What is EBITDA?

What is EBITDA?

EBITDA refers to a company’s earnings before deducting interest expenses, taxes, depreciation, and amortization. It is an acronym that stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. As an indicator, it is used to calculate a company’s profit-making ability or its ability to generate income for its owners. Why use EBITDA?  The advantage of using …

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a blog featured with annete entitled How to Legally Take Money Out of Your Limited Company?

How to Legally Take Money Out of Your Limited Company?

It is so easy to think that, just because you have your own business, you can have access to your business’s money anytime you want and need to. One of the most common concerns small business owners have is how they can take out money from the business since they practically own and run the …

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a blog featured image of annette entitled Payment Gateway: Paypal and Stripe

Payment Gateway: Paypal and Stripe

When it comes to deciding on the best payment gateway for online businesses, PayPal and Stripe have both made a name for themselves. They are both widely known payment service providers (PSPs) in the e-Commerce industry. A PSP is a third party service that offers merchants various payment methods through a single channel. It allows online stores …

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a blog featured image about the topic of Profitable Business Strategies You Can Consider

Eleven Profitable Business Strategies You Can Consider

Well-planned business strategies are important for an entrepreneur to ensure success and profitability. They act as roadmaps to your business goals so long as they are effectively executed. Here are profitable business strategies. Profitable Business Strategies for 2021 Like all strategies, you need to take into consideration the many factors that are affecting the market, …

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a blog featured iamge entitled 7 Steps to Making a Profit First Instant Assessment with VAT

7 Steps to Making a Profit First Instant Assessment with VAT

In the book Profit First, Mike Michalowicz innovates the way cash flow is looked at by turning the traditional formula of sales – expenses = profit into sales – profit = expenses. This simple change reframes the thinking of individuals when it comes to spending habits. Michalowicz also introduces the Profit First Instant Assessment, which …

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a blog featured image entitled about How To Build Your Business Revenue Plan?

How To Build Your Business Revenue Plan?

Most entrepreneurs are driven by their passion for business, product creation, and customer service. It is what makes them thrive in their respective industry. However, as your venture grows as well as its expenses, you will realize that it would also be rewarding if your biz is making money. It still boils down to your …

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