Money Leaks

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Profit First for UK Microgyms

Wellness and mindfulness have been gaining popularity in the past couple of years. People pay more attention to their health by going to gyms regularly, signing up for memberships, and buying fitness products off the internet. As a result, the fitness industry has been reaping the rewards of society’s newfound goal to prioritize health. As …

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Six Simple Steps to Build Your Own Profit Plan

You can ensure that your business is going in the direction you want it to go by building your business’s profit plan. If you haven’t made one yet, here’s a simple guide you can use for your business profit plan. Building Your Business Profit Plan – How To Do a Business As Usual (BAU) model. Start with …

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3 Ways the IR35 May Likely Impact You

The IR35 or the “off-payroll working rules” has existed for almost two decades. Before its stricter implementation in 2017, contractors had the freedom to choose whether they are inside IR35 or outside IR35. However, many, if not all, contractors decided that their contracts fell outside IR35 so that they can reap the benefits of full-time …

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What Is Cash Flow?

Most middle-class families often live paycheck to paycheck not because of their low income but due to the irresponsible management of their resources. The same goes for most businesses. Small to medium-sized firms may find themselves on the brink of bankruptcy not because of their low profit or costly expenses but rather in not understanding …

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What is Net Profit Margin and Gross Profit Margin?

Net profit margin and gross profit margin are common terms used in business. Both of them measure the success of profit-generation of your various business activities. As a business owner, your goal is to make a profit. However, simply keeping track of your total sales and expenses does not accurately measure your business’s profitability, and …

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How to Create a Positive Mindset to Achieve Your Goals – 6 Steps

One of the best things about the human mind is its capacities to steer big machinery, both literally and figuratively. We’ve seen spacecraft touch the face of the moon, and revolutions change the course of the world – all because of the brilliant human mind. In this article, we will be tackling which has focused …

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5 Signs You Should Increase Your Prices Now

Proper pricing is a significant part of running a successful business. Whether you’ve been running the business for a while now, or have just started recently, increasing your prices is always tricky. In this article, we will be tackling on signs that you should increase your prices now. It is especially scary for freelancers and …

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7 Signs You are Not Taking Home Enough Money from Your Business

Every entrepreneur has their reasons for starting a business. However, the goal is more or less the same: to make enough money for a living. Whether you call it financial freedom, economic stability, or to get rich, it can be quite a problem if you’re not getting the outcome you desired from your business. Being …

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How to Eliminate Money Leaks to Maximise Profit

Are you in entrepreneurial poverty? Are you left with so little every month, even if you work to the best of your abilities? In this context, we will be talking about eliminating money leaks to maximise profit. It might be that there are simply money leaks in your business! Imagine a water tank that you fill …

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