Impact on gross profits with lower margin work

Hero 2 - Specialist Accounting Solutions
Share This Post

I want to grow my profits but will growing lower margin work in the long term? Knowing and identifying where lower margin work does have an impact on gross profits will help you find ways to return to higher profits in the future.

This video demonstrates how a small change in Gross Profit Margins, can have a big impact on your company’s profitability.

If you are interested in further business insight read our ebook series The Next Step: How ambitious businesses can achieve their potential. What is the biggest challenge for any independently-owned company which has the potential to go further? Above all else, it is the ability of the owners to scale the business. Starting up and getting to a position where the company shows the potential to develop real significance is achievable with an almost intuitive approach. Scaling a business isn’t.

For more useful resources like this click here. If you are looking for help with finding an outsourced finance director or using part time CFO services get in touch with us.

More To Explore

Business planning
Business Tips

How to write a business plan

In business, plans are essential. They’re more than just a formality, they’re a roadmap for success, and without one you’ll struggle with your business idea

Read More »

How can we help?

drop us a line and keep in touch

SPECIALIST ACCOUNTING SOLUTIONS

Book An Appointment

1

Choose a date
Choose an available day and select your one hour slot

2

Your Info
Please provide your contact details and some information on your company and requirements

3

Confirmation
We will be in touch within one working day to confirm your requested appointment or arrange another if the relevant person is unavailable