Profitable pricing is a virtuous circle if you get it right and a vicious circle if you get it wrong. So, how do you get it right and price profitably?
Archive for the ‘Diary of an owner managed business’ Category
Profitable pricing – goes right to the heart of your business
Find the real value of your business – think about selling it
If someone offered to buy your business how would you value it? One exercise you would hopefully do is to ask “how much profit will your business make if you keep it?” You might be surprised (and much better off!) at the answer.
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Management accounts – five steps to useful numbers
Management accounts are essential for every business. Quite simply, you need to know how you are performing and you need to know what to change or to do more of in order to perform better.
Improve profitability – in five simple steps
If your business can improve profitability the rewards include more money in the bank and a higher value for your business as well as greater peace of mind and the feeling of a job well done. Lower profits than you think you should be earning will lead to the opposite outcomes and a lot less fun. So, what can you do to improve your profitability? Continue Reading
Sarah Perrott of Cresco Consulting – How did I get here?
Sarah Perrott, MD of Cresco Consulting, shares her thoughts on taking the plunge of starting her own company – and never looking back!
Change accountants – Breaking up is not so hard to do
Change accountants, banks, mobile phones – somehow it always seems easier to stay where you are than to make a change, even if you’re not getting the service or the value for money you expect.
But, when it comes to your accountant, this inertia could really hurt you and your business and, as Liz Garrigan, Director of TPG Design, explains in the video – breaking up is not so very hard to do!
Budget summary – from a business point of view
The media feeding frenzy over the Budget is beginning to die down and I thought it might be useful to look at a small number of commentaries on it from a business perspective. Continue Reading
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