Category Archives: Financial

Jul 11 2018

PROTRADE United

How to Reduce Your Payroll and Increase Your Profits at the Same Time

All too often I see hardworking business owners almost held to ransom by certain employees that are infecting the team with bad attitudes and behaviour. This not only reduces morale, it impacts productivity and also bleeds valuable profits. You know the type of person I am talking about. This employ...

Aug 10 2017

PROTRADE United

4 Quick Tips To Get Paid Promptly

4 Quick Tips To Get Paid Promptly As a small to medium business, managing your debtors is critical. To continually receive payment for services/ products upfront would be ideal, this unfortunately is not always practical especially with business to business transactions. Unpaid debts can have a hug...

May 23 2017

PROTRADE United

The difference between ‘gross margin’ and ‘mark-up’

The difference between gross margin and mark-up A mistake in the use of these terms can lead to price setting that is substantially too high or low, resulting in lost sales or lost profits, respectively. The difference between margin and mark-up is that margin is sales minus the cost of goods sold, ...

May 12 2017

PROTRADE United

8 Simple but Effective Tips to Improve your Cash Flow

8 Simple but Effective Tips to Improve your Cash Flow The customers who owe you money are more important than those who don’t! It’s much easier to ensure customers pay invoices promptly then it is to attract new business and make a sale. With this in mind, implement these 8 tips to ensure you are [...

May 11 2017

PROTRADE United

How to Calculate your Financial Break-even Point

How to Calculate your Financial Break-even Point Many business owners do not understand the importance of the break-even point and how it can be calculated. The break-even point is the point at which the business covers its costs and thus breaks even. This allows you to discover exactly how much you...

Apr 04 2017

PROTRADE United

9 Quick Tips for Controlling Expenses

9 Quick Tips for Controlling Expenses One of the key challenges for a business of any size, is controlling expenses Here are a few useful tips that can help keep expenses down: 1. Have a clear strategy: If you are clear about the direction you want your business to take you will also have a clear [&...

Jun 30 2016

PROTRADE United

Creating a Business Budget

What is a budget? It is a plan to: 1. control your finances 2. enable you to make confident financial decisions and meet your objectives 3. ensure you have enough money for your future projects A budget outlines what you will spend your money on and how that spending will be financed. At the same [&...

Jun 24 2016

PROTRADE United

5 Tips to Improve Your Cash Flow

While you want to be able to ensure you have cash in the bank to cover your day to day operations, a clear cash flow forecast will also allow you to look to the future. So what are your financial goals? Can you see how and when you will achieve them? Whether you’re saving for a […]

Jun 16 2016

PROTRADE United

Business Tax Deduction Tips

These tips are simply a starting point for you to consider your options. You should speak to your financial advisor/accountant to find out if they are the right fit for your business. Prepay Expenses You have the option to prepay expenses to cover yourself for the next 12 months, but claim the full ...

Jun 09 2016

PROTRADE United

Identifying Your Financial Goals

With new business opportunities a-plenty it is vital to be prepared. Why not hit the ground running with these tips for setting financial goals? Review the Previous Year – This is the perfect time to reflect. Consider the challenges, changes and improvements you made throughout your business, and wh...

Feb 24 2016

PROTRADE United

Improve Staff Retention By Reducing Your Payroll

All too often I see hardworking business owners almost held to ransom by certain employees. They infect the team with bad attitudes and behaviour creating a toxic workplace which, not only reduces morale, it also impacts productivity and profits fall through the floor. You know the type of person I ...