Before all sales people, associates and affiliates panic let me explain that the above headline applies only to Financial Services Products in UK.
The UK Financial Services Authority have had concerns for some time that financial services products are too often recommended by unscrupulous financial advisers on the basis of the amount of commission they receive rather [...]
Category Archive for 'Finance'
Sales – Costs = PROFIT!
Posted in Finance on Sep 19th, 2008
Time for a little simple finance. One of the biggest stumbling blocks for new business owners is understanding business finance. This is probably responsible for more business failures than any other single factor. Here are some fundamentals that you need to understand:
Sales are not income unless you sell for immediate cash. If you sell on [...]
Watch the Numbers
Posted in Finance on Jul 15th, 2008
It is very easy to focus on developing products, getting new customers and making more sales and forget to watch the numbers. Many apparently successful businesses have gone broke as a result of simply running out of money!
We have a business saying here in England “You’ve got to make a margin”. This simply means that, [...]