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Will business growth bring more profits?

by Jillian
Posted on February 4, 2015
0 Comments
in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

Question: My business has not been growing but it seems as though I add more people and equipment without increasing my net profit. What am I doing wrong? Answer: Let’s see what happens in a typical company as the business grows. Suppose that a company is netting $50,000 on total sales of $1,000,000 (a 5%[...]

by Jillian
Posted on February 4, 2015
0 Comments
in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

How much money did you save last year? If you didn’t save at least 10% of your earnings, you didn’t save enough. If your savings in 2013 fell short, the only solution is to take charge of your financial future right now and start saving more money. Saving money doesn’t have to be hard work.[...]

by Jillian
Posted on February 2, 2015
1 Comment
in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

In our busy lives, it’s sometimes tough to corral our financial records. Bills, paycheck stubs, tax returns, and bank statements can disappear into dusty attic corners and bulging desk drawers. Important insurance policies can hide out beneath bins of holiday ornaments and electrical supplies. Mortgage documents can sneak into old books or hide themselves in nooks[...]

by Jillian
Posted on February 1, 2015
0 Comments
in Budgeting, Cash Management, Financial Health, Profit First, Quickbooks, Taxes

When it comes to taxes, being self-employed has some advantages. Whether you work for yourself on a full-time basis or just do a little moonlighting on the side, the government has provided you with a variety of attractive tax breaks. 1. Save for retirement. When you’re self-employed, you’re allowed to set up a retirement plan for[...]

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Will business growth bring more profits?

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