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profitpod_cashflow

5 Tips For Boosting Your Cashflow in Troubled Times

Many small businesses experience cashflow problems, especially during their first years of operation. In some ways, managing cashflow is the most important aspect of running your business. If at any time your business fails to pay an obligation when it is due because of the lack of cash, your business is insolvent. Cashflow management is…

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6 Steps For Creating A Unique Selling Proposition (USP) To Boost Your Profits

Creating a unique point of difference in the eyes of potential customers or clients is really important to differentiate your business from your competitors as is communicating that point of difference widely, which could involve including the vision you have for your business in material that goes out to clients. Let the world know what…

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net_profit_margin_profitpod

3 Principles For Improving Net Profit Margin

The focus of this article is to outline to you the 3 important principles for improving the net profit margin of your business. But first, let’s look at what it is meant by gross and net profit margin. Profit margins represent the percentage of each and every sale in your business that’s profit. In other…

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small_business_failure_rate_profitpod

The Small Business Failure Rate Is High – 7 Key Things To Do To Help Avoid Becoming Part Of That Statistic

The stark reality is that over 80% of all business ultimately fail. That’s 4 out of every 5 businesses! We don’t know about you but we find that small business failure rate statistic very troubling and is a big reason why embarked on our big vision to help at least 100,000 small business globally to…

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business_budget_profitpod

The Difference Between A Business Budget And A Business Plan

A business plan is a roadmap for your future development. It describes your business, its objectives, financial forecasts and your market. It can help you secure external finance, measure success and grow your business. Now, the objective of a business budget is to provide a plan for future activities for your business that will result…

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small_business_funding_profitpod

Small Business Funding Focus: 8 Common Sources Of Funding

It’s all well and good having a wonderful business plan but it is somewhat pointless unless you have the funding you need to execute your plan. Availability of cash is the lifeblood of every single business on this planet. Without funding, whether from revenue generated or external sources, it will be very difficult, if not…

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cash_flow_problems_profitpod

5 Ways to Tackle Temporary Cash Flow Problems In Your Small Business

Many small businesses experience cash flow problems, especially during their first years of operation. In some ways, managing cash flow is the most important aspect of running your business. If at any time your business fails to pay an obligation when it is due because of the lack of cash, your business is insolvent. Cash…

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what_is_a_business_plan_profitpod_

What is a Business Plan & The Benefits of Having One

Do you currently have a business plan that you frequently look at and refer to? A business plan of a business is one of its most important documents. It can be used for the following purposes: For internal planning. As the basis for loan applications from banks and other lenders. To persuade investors that your…

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A 5-part profit formula that is key to your small business success

This is an extract from the profit formula revealed in Kelly Clifford’s best selling book “Profit Rocket: The five key focus areas to skyrocket your profit”   In business the emphasis is usually on getting more CUSTOMERS, growing REVENUE and generating PROFIT. But there is a subtle distinction that needs to be made here. These…

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Cash Flow Projection 101 - The 7 Steps Involved

Cash Flow Projection 101 – The 7 Steps Involved

Simply put, a cash flow projection forecast is a rolling calculation based an opening cash position, adding cash inflows and deducting cash outflows, to arrive at a closing cash position. Cash inflows and Outflows   Ideally, you will have more money flowing into the business than out. This will allow you to build up cash balances to…

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what_is_gross_profit_profitpod

What is Gross Profit & An Example Of How It Is Worked Out

What is Gross Profit   Gross profit is the difference between the selling price of a product or service and the direct costs taken to produce that product or service. These direct costs are also known as variable costs. Variable costs are those costs that tend to fluctuate with the level of sales. They include,…

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6 Tips For How to Improve Profitability Within 30 days

6 Tips For How to Improve Profitability Within 30 days

One of the biggest mistakes that many business owners make is to think that just because money is flowing into their business bank account from revenue that they are making a profit on it. 
 There is a very important distinction between revenue and profitable revenue. Revenue is basically derived from whatever you charge your…

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