Excellent as always ! The accounting for stock in place is a big one - as thats where a lot of value is often hiding / lurking ! Sell sell sel!! (At profit) Best wishes, Adam
I must do another big think now I have more data. Its very useful to know the cost of running your business, a motivating factor that induces creativity and imagination! 😂
Thank you for all your content. It would be great if you could do a video on capital assets and depreciation. In my case I purchase test equipment ranging from £20 to many thousands of pounds. What counts as a capital asset (based on value?) and how should it be depreciated? Cheers!
Excellent as always ! The accounting for stock in place is a big one - as thats where a lot of value is often hiding / lurking ! Sell sell sel!! (At profit) Best wishes, Adam
Yes for sure, it’s also a super common misunderstanding about its impact on the figures an owner might be looking at, if it’s not accounted for.
I must do another big think now I have more data. Its very useful to know the cost of running your business, a motivating factor that induces creativity and imagination! 😂
It’s good to think ‘is this what I thought it should be’, or thought it would be, and adjust from there.
Thank you for all your content. It would be great if you could do a video on capital assets and depreciation. In my case I purchase test equipment ranging from £20 to many thousands of pounds. What counts as a capital asset (based on value?) and how should it be depreciated?
Cheers!
Will add to the list!
I think the biggest thing that small business soon realise they need to charge big prices.
This is by far the most common action needed!
Please speak bit slowly
It’s a challenge that one ;)
Change the playback speed on the video, but at 0.5x speed he sounds drunk! 😂