Product / Service Profitability
As a business owner or director, it's important to regularly review all costs across the entire organisation.
Whether you're looking at the health of your established business, or considering a new venture, we can help quantify the costs involved and help you to identify areas where money is being spent unnecessarily.
Direct costs, fixed costs, and variable costs are the three main areas to consider when reviewing business expenses. Direct costs are the expenses incurred in making a sale, while fixed costs are those that are the same every month, such as rent and insurance. Variable costs, such as travel and packaging, fluctuate each month.
We help businesses review these differing costs annually as part of a regular health check. But we also review costs at specific times such as new venture forecasting, product development and restructuring projects. Perhaps you’re experiencing significant market and economic changes such as inflation and suppler price changes – we can help with that too. Reviewing these business expenses regularly and accurately can allow you to make any changes before issues take root.
Let us help you keep a handle on your costs and improve the financial health of your business.