As boring as it may sound, your ability to analyse and control cost structures as a business owner will prove to be a valuable resource when preparing your business for sale.
By analysing the cost of providing a service or producing a product enables you to identify under-performing goods or services. This should then prompt you to ask why this is occurring and enables you to make well-informed decisions as to whether continuing to offer a particular product or service is worthwhile.
A service based business can analyse unprofitable clients and either sell these off to a better suited provider or identify ways to improve their net contribution to the business.
Everybody crunches numbers, but not everyone stops or has time to think about them. If the latter applies to you, call our friendly Business Solutions team in Gatton for a helping hand on 07 5462 2277.