The world stands on the edge of a new era in global trade. With looming tariffs on key imports and exports, small businesses must brace for financial turbulence
How Financial Literacy and Jazoodle Drive Small Business Success
In today’s fast-paced business world, financial literacy isn’t just an added advantage—it’s the foundation of success. A recent study, “Financial Literacy of Entrepreneurs and Companies’ Performance” sheds light on how entrepreneurs’ financial behaviors drive their companies’ performance.
Why Tracking Your Gross Profit Margin is Essential for SMBs: A Key Financial Metric for Small Business Management
Tracking your gross profit margin (GPM) is one of the most crucial financial metrics for small and medium-sized businesses (SMBs). GPM helps business owners understand how efficiently they manage production costs in relation to revenue, providing insights into profitability and pricing strategy. A healthy GPM ensures that your business is retaining enough profit after covering the cost of goods sold (COGS) to sustain operations and plan for future growth.
However, it’s essential to recognize that gross profit margin and cash flow are different. While GPM reflects profitability, cash flow measures the money moving in and out of the business. Strong profit margins don’t always guarantee strong cash flow, so SMB owners need to monitor both closely.
By consistently tracking GPM and understanding how it impacts cash flow, SMBs can improve financial health, plan for sustainable growth, and remain competitive in their industries.
Reflection: Geopolitics And Business
The world is changing massively, and not least, the geopolitical landscape. With elections due soon in the USA, and AUS, and recent landslide election of the Labour government, the impact to small and medium businesses could be big
Business Advice. The Little Changes Can Make A Big Difference
Intro Australia has been in a per capita recession for several months. Some businesses are thriving, while others, particularly those dependent on discretionary spending, are struggling. As accountants, your skills are critical in both scenarios. Business Advice: The Power of 1% Scenario 1 – Your client’s crushing it Your client’s gross and net margins are […]
Is Now The Right Time To Hire New Employees?
Deciding the right time to take on new employees for small and medium businesses is tough. In this article we go through the easy steps in assessing if hiring now is the right time for you.
What are the 5 business numbers that warn you of future cashflow problems?
What are the 5 business numbers that warn you of future cashflow problems? Many businesses have been in this situation – sales are great, there’s money in the bank, and yet, 6 months later, you’re struggling to finance your operations despite record sales within your business. The trouble is, you neither have the time, nor […]
When the going gets tough, the tough get going
Inflationary pressures are building in many economies. What do they mean for businesses and the skills needed from Accountants and Advisors in providing solid advice to their clients?
Mark Holton Joins Jazoodle As Board Advisor
Jazoodle is delighted to announce the appointment of Mark Holton as board advisor to Jazoodle’s existing executive team and board. Mark is a company director, Chairman, and co founder of Smithink, a specialist accounting practice business advisor. Mark brings 35 years successful business experience to Jazoodle. “We are absolutely thrilled to have Mark on board […]
Business Financing Options For US Businesses
Entrepreneurs and business owners are the financial life blood of communities, and wider economies in the provision of products and services. According to the Small Business Administration (SBA) small businesses in the USA represent 99.9% of employers and thus are the top employer for millions of people. This is similar to most advanced economies, such […]