by Scott Richards | Jan 1, 2014 | Financial Intelligence
Do you know how much profit your business needs to make to be successful? You may be surprised. For a business to be successful and sustainable in the long term it needs to make more than just the owner’s wage. It needs to cover loan repayments, increases in...
by Scott Richards | Dec 24, 2013 | Financial Intelligence
[su_quote]Sales is vanity. Profit is sanity. Cash is reality.[/su_quote] I am regularly reminded of the importance of not focusing solely on growing revenue. Obviously sales growth is vital to a business. However, there is a real danger when a business grows...
by Scott Richards | Dec 1, 2013 | Financial Intelligence
How can I have made a profit I have no money in the bank? This question has been asked by business owners countless times over the years. If you are not an accountant it is an understandable question to ask especially when business success is measured in terms of...
