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Read more about choosing the right business structure in our latest Blog post. https://lnkd.in/e6C3dCdJ

Discover essential steps for starting a business checklist uk. Our comprehensive checklist guides you with expert advice and support from concept to reality.

By taking your profit first, you ensure your business operates within its means >> https://lnkd.in/eiG_MS2t <<

Embrace Autumn: Set Fresh Goals for Your Business Before Year-End

Although it’s tempting to try and run a business on your own, it’s usually a good idea to get professional help. Read more to discover professional help you can learn for your business:

Do you know what keeps your business thriving day in and day out? It’s not just your products or services—it's your cash flow. Understanding and managing your cash flow is crucial to your business’s success, and here's why. What is Cash Flow? Cash flow is the movement of money in and out of your business. It’s the revenue you generate from sales, services, or other operations, minus the expenses you incur. Think of it as your business’s heartbeat—steady and strong, it keeps everything running smoothly. Why Does It Matter? Even if your business is profitable on paper, poor cash flow can lead to missed opportunities, inability to pay bills, or even insolvency. Healthy cash flow ensures you have enough liquidity to cover day-to-day operations, invest in growth, and weather unexpected challenges. At Halo Bookkeeping we can ensure you have visibility of your cash flow and ensure that you take action where needed to overcome any dips.

Thinking about starting a business? Here are some important steps to keep in mind when starting the process. Contact us today for your business advisory needs! https://lnkd.in/gqcazBGi

Do you know what keeps your business thriving day in and day out? It’s not just your products or services—it's your cash flow. Understanding and managing your cash flow is crucial to your business’s success, and here's why. What is Cash Flow? Cash flow is the movement of money in and out of your business. It’s the revenue you generate from sales, services, or other operations, minus the expenses you incur. Think of it as your business’s heartbeat—steady and strong, it keeps everything running smoothly. Why Does It Matter? Even if your business is profitable on paper, poor cash flow can lead to missed opportunities, inability to pay bills, or even insolvency. Healthy cash flow ensures you have enough liquidity to cover day-to-day operations, invest in growth, and weather unexpected challenges. At Halo Bookkeeping we can ensure you have visibility of your cash flow and ensure that you take action where needed to overcome any dips.

Comment: "Profit" and W'll DM you a detailed document on how you can understand mastering Profits of your business ✅ Understanding Profit To build and grow your business without stress, you need to understand one key thing: Profit. It’s more than just the money you make; it’s knowing how to balance what comes in and what goes out. Here's a breakdown: 1. Net Income = Operating Income – Operating Expenses Operating Income: + Sales: Total revenue from your core products or services. + Order Revenues: Extra income from fulfilling customer orders. - Cost of Goods/Services Sold: The direct costs of delivering your product or service (materials, labor, etc.). Operating Expenses: - Sales & Marketing: Money spent on growing your audience and attracting clients. - Admin: Costs to run the day-to-day operations of your business (staff, software, utilities). - Research & Development: Investment in improving or creating new products/services.• - Depreciation & Amortization: The gradual decrease in the value of your assets over time. Operating Expenses: (Minus) - Sales & Marketing: Money spent on growing your audience and attracting clients. - Admin: Costs to run the day-to-day operations of your business (staff, software, utilities). - Research & Development: Investment in improving or creating new products/services.• - Depreciation & Amortization: The gradual decrease in the value of your assets over time. 2. Non-Operating Income? Non-Operating Income: (Plus) + Additional Income: Any money made outside of your core business activities (rentals, dividends). + Additional Profit: Unexpected or extra gains outside of regular business operations. + Other Income: Miscellaneous income streams that don’t fit into other categories. - Taxes: The inevitable deduction, but knowing how to manage your tax liabilities can protect your profits. Understanding profit is the key to business growth and sustainability. Keep these numbers in check, and you’ll be scaling your business to 6 figures without breaking a sweat! ? Comment ✅ "GO" ✅ if you want to secure a Lifetime Profitable Business.

The first step in staring any business is research. Understanding your potential customers and the market in which you hope to enter can help you create a strategic and smart business plan.