Planning for profit

Planning for profit
A Demacks. Chartered Accountant has the professional experience to examine your business ideas and evaluate profit potential. He/she can also help you work on break-even analysis, business ratios, budgets, etc, which can be used to set realistic financial targets. You will then be able to plan ahead and compare forecast figures with actual results.

The way your business is financed has an important effect on profitability, especially when interest rates are high. Should new capital equipment be leased or purchased? Should money be raised by share capital, loans or overdraft? What are the tax implications? Can any spare cash be invested temporarily? All these considerations affect working capital requirements, the cost of financing the business and, of course, profits. Obviously not decisions you should make without professional help.