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LETS GET DOWN TO BUSINESS.

Question :
My business turnover for a small business is great, but my profit isn’t.  Also cashflow is preventing me from moving forward into areas that I know the business would be able to generate more sales/income.  We have already tipped money into the business and not sure we want to do more.  When do you know it’s time to pull the pin?

Question submitted 28/08/20 @ 01:45pm
Industry: Business Growth
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  • Hi There

    Would love to help out. Are you able to help us out with a few more details, so we can understand your business a little more? A couple of additional questions/thoughts below.

    – Its great to have turnover. So what is limiting your profits?
    – Can you get paid faster to improve cash flow?
    – Are there unnecessary expenses you can trim back?
    – Can you move away from unprofitable activities, into the profitable activities you’ve identified?
    – Can you improve your margins to make your operations more profitable?

    Investing money into your business is fine if you know you’ve got a plan to get a return on investment.

    Cheers

    Andrew

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