How to Start a Drop Servicing Business
You have heard of dropshipping or maybe you are a dropshipper but have you ever looked at drop servicing? Drop servicing is currently at the stage where...
You have heard of dropshipping or maybe you are a dropshipper but have you ever looked at drop servicing? Drop servicing is currently at the stage where...
Did you know that promissory notes were an early form of paper money? From Babylon to the British civil war, they have a long history. But the craziest thing...
Managing expenses can be cumbersome, especially when the business uses traditional means like company credit or debit cards. The volume of transactions and...
Expenses are an important feature of every business. Business owners generally look for ways to reduce expenses in order to improve profitability. And while...
When operating in a business involved in importing and/or exporting, there are several financial instruments available. These instruments protect these...
If your business imports products from abroad, you’ll need to know about Cash Against Documents (CAD). This method of financing may be preferred by the...
Smarter record-keeping helps businesses to save time and keep a more accurate track of their finances. One of the most popular solutions is expense management...
Having visibility and control over your business' cash flow is critical to its success but most importantly survival. Cash flow is flagged as one of the top...
When running a business, not all purchases are created equal. Some purchases (such as a company car, equipment, machinery, etc.) provide benefits for a year...
The formula for sales revenue is relatively simple to calculate. At its core, sales revenue generated boils down to the average price that customers are willing
What is the Selling Price? The selling price of a good or service is the price paid by the buyer. While the seller determines the price, several factors...
Each business in all industries has one goal: a growing profit margin. Regardless of the industry and magnitude of the business, all business owners envision...
There are four main ways you can withdraw funds from a limited company. These are, Salary, Reimbursement of expenses, Dividend payments and director’s loans
Operating Profit Margin is one of the measures to calculate the profitability of a company. Like other profitability ratios, Gross Profit Margin, Pre-tax Profit
When this final number is expressed as a percentage of the sales, it is called the ‘Net Profit Margin’. Gross Profit Margin Formula: Gross Profit/Revenue x 100
Working Capital or Net Working Capital is a measure of how efficient a business is in its day-to-day operations. Essentially, it shows how much money or...
The Profit Margin that a business generates is one of the most important elements that inform decision-making by owners, investors,, and other stakeholders of t
What is net income? Net income (also called ‘net profit’ or ‘net earnings’) is a measure of how much much money a business makes minus the money spent to help...
Here, we’ll explain how the Global Shipping Programme works, including countries it ships to and how much it costs. This should help you work out if it’s the ri
We’ll give you the lowdown on eBay fulfilment here in this guide, including how it works and the advantages for your business. This should help you work out whe
In this article, we'll discuss some of the options you can consider, their pros and cons together with the fees.
In this guide, we’ll give you a rundown of the top B2B payment solutions in the UK, so you can choose the best option for your business.
Electronic Point of Sale (EPOS) is essentially a modern, technology-backed update of the traditional till system.In this guide, we’ll shine a spotlight on EPOS