As it's the end of the year I ran some reports and had a staff meeting before closing up.
This is completely simple, it's not rocket science and it is stating the absolute obvious.
However it's also very easy to forget.
We've been so focused on growing the turnover, and whilst we are being pretty strict on maintaining profit margins it's still very easy to forget the 1%...
By the 1% I mean this.
If you turn over £1,000,000 and you have a GP of 30% then you're making £300,000 per year...
Why The 1% Is Important - FREE Money.
from Why The 1% Is Important - FREE Money.
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