NO.OF EMPLOYEES: 1
The Issue: This business is an online trading in motor care industry which was showing excellent sales/turnover but the owner was still finding it hard to pay himself and was running out of money each month.
The Solution:
- Using the financial dashboard we could quickly see that that the profit made on some products was being “soaked up” by the poor margin on others. By simply streamlining the product range we soon saw the bottom line of the business showing healthy profits rather than a loss each month.
- This business was a great example of what happens if we focus too much on money coming in but not on money going out!
Owners Comments: “After a year of being self-employed I wanted to bring my business to the next level but I was unsure on where to start. Elaine was incredibly helpful in setting expectations and making sure to get things in order before focusing on the next chapter.”