When asked how to improve the profitability of a business, the default response by your typical robot accountant is to “restructure your costs”. Translated to non-accountant terms, that means slash your overhead expenses and fire staff. They’ll offer a bunch of recommendations like replacing the espresso machine with instant coffee, or cancelling the annual staff…
McDonalds have designed and optimised their menu to maximise profitability. Here’s how you can do the same.
You’ve probably noticed there’s a bit of doom and gloom around the economy at the moment – but it doesn’t have to be a dark time for your business. Here’s how you can prepare for the challenge ahead.
We’ve unpacked the business owner journey to help you understand how to move to the next stage and ultimately make yourself redundant.
The best businesses in the world have strong gross profit margins. Here’s how to calculate yours and check your financial health.
What impact will added expenses have on your business? Instead of hoping for the best, calculate your break-even point and make informed spending decisions.
Understand the true value of your time so you can stop working in your business and start working on your business.
Want someone on your team focused on future financial growth? You need a totally different type of accountant working for your business.
There are few words in the English language that conjure feelings of scarcity and deprivation like “budgeting”. Our amygdala responds to the word budget in the same way it responds to the word diet — with utter dread. Budgeting, like dieting, is disliked because it requires determination. It requires us to be disciplined with our…
You did it! You branched out and started your own digital agency. No more working for the man – you’re the boss now, and one of the first things you’re going to need to figure out is how much you charge your clients for the services you offer. In this article, I discuss the all-important…