Pricing strategy is a pathway to increased revenue and profit… but it’s often neglected by management. In this article, we look at factors which influence price and actions you can take to develop and implement an effective pricing strategy.
No matter the size of your business, the finance function should focus on STRATEGY and VALUE CREATION to create a competitive advantage and give leaders peace of mind.
As accountants, we like our clients to focus on activities that have the biggest positive impact on the business. That leads to resilience and businesses that thrive even in uncertain economic times. Read how.
Building a business can be a long, challenging process. One way to assess how you are doing is to VALUE your business… and then try to grow that valuation.
Business owners often complain they lack information to make decisions, in spite of many solutions which claim to provide intelligent, customised reporting. Identifying business problems that need solutions and then the data sets which support decision-making is a better approach and we accountants can add value in this process. Read how.
Growing your business means more cash for you now plus a higher sale price in the future when you decide to eventually sell your business. The last instalment of the series discusses 7 practical ways to improve your profits.
Understanding how a customer or prospect VALUES your service is critical to getting pricing correct. This article details an approach to understanding value and various other important factors to grow the profitability of your business.
What’s the difference between Joe’s Burger Bar and a McDonald’s franchise? One is completely reliant on the owner and the other has a fully documented system of operation. Which do you think is worth more? Find out how this could apply to maximising your business value.
It’s a question many of us will be facing. Perhaps not now, or in the near future. But the opportunity to sell your business may come along, either planned or by chance. Whatever the circumstance, you should be ready. The sale process can be intense and happen quickly so make sure you do it right, cover your bases and prepare for a successful exit. It’s never too early to start.
Depreciation affects your bottom line, your tax bill, and the value of your business. Those are three good reasons to learn what depreciation is and how it works. Here are the basics.