Isn’t It Time Your Business Was Focused on Profit?

This may sound a bit ridiculous, but it is a real question that you should be asking yourself – Is your business currently focusing on making a profit?

We get it, no one starts a business to intentionally lose money, but many businesses fail to give added attention to exactly where their income and expenses are weighing on the scale. Are your business expenses leaving your business with enough profit for you to take money for living and paying taxes?

Let’s Be Real

Let’s talk real for a moment – creating enough income to pay your bills and have a comfortable lifestyle means making a profit. When was the last time you balanced what you are spending against what you are making?

Sometimes profit can only come from growing your business and taking on more employees, but that is not the only option. Sometimes businesses can make enough profit for themselves without relying on this – and that comes from examining exactly where your business currently is.

Many business owners do not fully look into the costs it is taking to run their business every month and can be in the dark as to why they are not doing as well as they feel they are.

Fixed Costs

Every small business has its fair share of fixed costs such as telephone bills, insurance and software licences mixed in with their rent, rates and company vehicle costs. These require paying however much your business is making. However, they may be much less than you are currently paying.

Many business owners fail to follow up with their mobile phone provider to see if upgrades are available. When mobile contracts expire, they rarely ever come to the attention of the person paying the bill. Most upgrades are cheaper on a monthly contract and the service is better. When it comes to insurance, your insurance provider can make you a good deal for upgrading your existing plan or taking out a longer term.

Software licences are one of the biggest areas that get overlooked. Many may have expired and no longer serve a purpose – but you would be amazed at how many small business owners fail to realise that they are paying licences for products they stopped using years ago.

Don’t Juggle

It’s not your fault – you are a business owner trying to juggle 10 balls in the air and your financial records are the 11th.

If you want to understand where your business is from a financial standpoint, you need professional bookkeeping services to look over exactly where your business financials are standing, failing and can be improved.

Contact the team at Pebbles Bookkeeping services in Manchester today and start discovering where your profit is coming from.

Don't just take our word for it...

Steve Tanswell, Manchester Facades

I changed book-keepers around a year ago because of a disagreement.  I employed Diane of Pebbles and having been with the same firm for 10 years, I was amazed by how easy working with Diane was.  Not only did the change save me money but also saved me time.  Utilising new technologies (to me) have massively improved the amount of money I can claim back in VAT and has made the whole process speedier and well as easier.  Even when Diane is chasing me for information she does in a friendly professional manner.  I’m thrilled to be working with her and would recommend her to anyone.

Lisa Heggie, The Gunnery

A massive thank you to Diane at Pebbles Bookkeeping & HR. You took the huge stress away from where do I start, with employee policies etc. You have created us a great, informative employee handbook, covering all necessary policies and risk assessments in a matter of no time and from the other side of the world too. I will definitely be in touch for any future help our company needs.

Nick Aldrich, Only The Brave

Only The Brave have used Pebbles Bookkeeping for a few years now and we treat them instinctively like an integral department of our business.

I have worked with Sean for over two decades in my previous businesses and when Sean and Diane went on their own it was a no brainer to get them involved with our day to day accounting.

Pebbles manage our bookkeeping, expenses, credit control and PAYE and have a keen eye for detail and help us spot important financial matters before they become issues.

Their integrity and honesty are unquestionable and as a result, Pebbles are an asset to our business and will continue to work with us for many years to come.

Steve Price, BWP Inspire

“We have now been working alongside you with various clients. In some cases, we have introduced you to our clients and in other cases you have worked as part of our team. Every time we have brought you in you have done a great job. We now see you as an extended part of our team. You have proved to be professional, flexible and above all competent in getting the work done. We would not have any hesitation in recommending you again, and we look forward to working with you more in the future.”

Mark Gray, Taylor Made Finance Ltd

“Pebbles Bookkeeping have been doing our bookkeeping for the past 2 years. Our Accountant recommended them to us and they are very professional, approachable and knowledgeble in the work they do. We send them our paperwork electronically and manually and they process it all efficiently in a timely manner.

I would not hesitate to recommend Sean and the team at Pebbles Bookkeeping – they do a fantastic job.”