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.

What our clients say…

“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.”

Steve Price, BWP Inspire

I just wanted to thank you both for the help you’ve given me thus far in setting up my new cloud-based bookkeeping system ‘Clearbooks’.

Having used Microsoft Excel for more years than I care to admit, I had more than a few reservations when considering changing the way I managed my books, yet understood that I had to make the change sooner or later.

After an intense training session with Sean, (where I probably asked 101 questions), my fears quickly dissipated and I can honestly say that although it’s likely to take me a little while to really get to grips with the new interface, I’ve no doubt that this simple system will save me so much time and hassle in future.

And less time spent doing my books, almost certainly means more time with the family and an end to rushing around like a mad woman at quarter-end!

Thanks again and I’m looking forward to working with you again soon.

Anne-Marie Armstrong, Amberry Marketing

“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.”
Mark Gray, Taylor Made Finance Ltd

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