How Profitable Is Your Business Really? How Do You Find Out?
Are you making the most money you could from your business? How do you know? What are your systems telling you? Do you know? Is your system even correct? This is one of the most often asked questions by business owners “How profitable is my business really”?
And how do you find out? What do we mean?
More often than not the one tool businesses have right under their nose but ignore the most is their financial system. That’s not to say all financial systems are made the same. They most definitely are not. But for most small businesses something as simple as Xero will enable you to understand the details of your business – where you are and are not making money or even - how much money do you currently have! Simple stuff but a large proportion of small business owners don’t know this detail on a daily basis.
Do yourself a favour, get Xero or a similar web based financial system, it will make you more money than it costs!