Continuing the series about helping you conduct an annual review of your finances, here is the third installment
As an accountant, Lynne has had many years of number crunching and analysis, and now shares some key budgeting and forecasting principles for running a profitable business
a look at real-world numbers to discuss some hard truths of publishing, explain economics and pay-offs, and a few suggestions for aspiring authors
MyCake benchmark data of the creative industries shows that firms are spending more on indirect cost items such as pensions, utility bills and bank charges than on R&D. At just 1.1% of turnover, R&D gets half the budget spent on telephone charges, and creatives are spending 1.6% of turnover on bank charges ~ that’s 1.4 times the budget given to R&D!
In the fourth MyCake Benchmark Bulletin we look at the importance of R&D for creative businesses, how to fund it and how to make the best use of your budget.
This post is a complement to the analysis undertaken for Artquest in the March – May 2010 newsletters. For more details on our partnership with Artquest click here. One of the things we’ve noticed as we analyse the 2008-9 data is that there is a dramatic difference between the profitability of the product based creative Read the full article…
Naturally, most people are interested in any financial support for their business.
Often, their enterprises are receiving financial support – from themselves !
BBC’s Evan Davis discusses profit margins and the skill in pricing products and services with Robert Polet of Gucci Group, Paula Bell of engineering group Ricardo and Gary Watts of SSL International (Durex, Scholl).
Ellen offers some tips, tools and learning on calculating an annual sales target for those self-employed, product based businesses among you. Plusa break even sales tool to download.
No gym required (though this post might provide food for thought as you pound that treadmill) instead some wise words from the mandarins (sorry still on the Christmas puns). How can you keep your profit high in a tough market whilst improving customer service and managing your cost base? Well there’s a sentence full of Read the full article…