Tag: business growth

In this video, Glenn explores four strategies bakeries can use to increase their gross profit margin and reduce the cost of goods sold. Key tips include shopping around for better supplier prices, adjusting your product mix to focus on higher-margin items, reviewing pricing to ensure it reflects rising costs, and actively monitoring and managing wastage.…

With the start of a new year, businesses often ask how they can use strategic planning to drive success. Strategic planning is more than just goal setting; it’s about creating a clear path to achieve your overarching outcomes and ensuring every step contributes to that bigger picture. Read on to discover how a solid strategy…

Many business owners work tirelessly in their businesses, excelling at what they do but often neglecting their strategy development. It’s the classic problem: “I’m too busy working in my business to work on it.” While unexpected challenges are part of running a business, a strong strategic plan can help you anticipate risks and capitalise on…

As the year draws to a close, we encourage you to reflect on your achievements, learn from your challenges, and plan for the year ahead. If you’re looking to recharge and gain fresh insights for your business, why not pick up a great business book during the holiday break? To help you get started, we’ve…

In this video, Ewen shares tips for self storage operators to secure optimal lending rates. Key points include: Get in touch if you want to optimise your interest rates and boost cash flow. The Essential SME Checklist for Growth + Profitability Click here to download our Essential SME Checklist for Growth + Profitability; your roadmap to amplifying profitability and unlocking growth potential for SME businesses.

Reducing variable costs is a powerful way to elevate your business profitability. These costs fluctuate with production levels, so effectively managing them can directly impact your bottom line. Whether you’re aiming to improve cash flow or increase profit margins, focusing on lowering variable expenses is key to sustaining growth, particularly if your gross profit margin…

In this video, Glenn explains how preparing and understanding key financial reports—such as profit and loss statements, balance sheets, business plans, and cash flow forecasts—can determine the viability of your business. He highlights the importance of these reports for lenders, investors, and government bodies when assessing your business for loans, investments, or grants. Learn how…

In this video, Glenn discusses the importance of understanding your financial reports to improve your business results. Learn how analysing both past performance and future projections can help you track growth, identify opportunities, and make informed decisions. Discover how financial reports can guide you towards achieving your financial goals and growing your business value. The Essential SME Checklist for Growth +…

Ewen shares the latest insights on the self storage industry for spring 2024. Discover key trends, including increasing demand and rising rental rates, and get expert tips on reviewing pricing strategies, maximising occupancy, and managing key business costs.. Learn how expanding your facility could help offset rising expenses and boost profitability. The specialist team at…

Small changes can significantly improve your business performance. Even slight adjustments to your processes or systems can majorly impact your profit margins. For example, a 1% increase in your gross margin on $500,000 of sales adds an extra $5,000 to your bottom line without increasing sales. The best part? Boosting your margins is one of…

Understanding your financial reports—knowing your numbers—is critical to business success. It empowers you to make better business decisions, measure their impact, take corrective actions where necessary, and ultimately achieve better results. By gaining insights into your financial reports, you can: Monitor Business Growth Determine if your business is growing or shrinking. Regular monitoring allows you…

Regularly reviewing your financial reports is crucial for any business owner aiming for growth and success. If you’re not doing this—whether due to a busy schedule or because the reports seem confusing—it’s time to start. Here are six compelling reasons you should monitor your financials reports regularly. Which Financial Reports Should You Review? Before diving…