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Why do I need to take this course?

Unfortunately, we’ve had to make the difficult decision to close SmallBizAssist. That’s why we’re offering a 75% discount on all our online courses bought before the 21st of March with discount code Goodbye75.

 

PLEASE NOTE: after March 21st, you won’t have access to the online courses you buy, so it’s very important that as soon as you’ve bought any courses, you download the information (by copy and pasting any lessons/section you wish to record onto your device) before that time. We will not be able to help you if you’ve not done this by March 21st, so make sure to put a note in your diary to do this before then!

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After taking ‘Calculating Profit Margins’, you’ll have no trouble calculating the right selling price for your products, based on the margin you need to make to stay afloat as a business.

You’ll understand why you should always use your sales figures after VAT has been removed, if you’re registered, so you’re not overestimating your sales.

You’ll know all about fixed pricing and how helpful it can be in saving time with products whose cost prices vary over the year.

You’ll be totally clear on the difference between mark-up and margin and understand why margin is more useful in helping you calculate your profits and making your business more successful.

It's much harder to run a business without using profit margins, because everything ends up being guesswork. Take the guesswork out of your business and start running it properly - your bottom line will thank

WHAT'S COVERED...

  1. 2
  2. 3
    • The problem with inflation

  3. 4
    • Gross profit margin

    • A quick note on VAT

    • Getting the right GP

    • Different GP targets

    • A quick note on different VAT rates

  4. 5
    • Bringing it back to you

    • Keeping it up to date

    • Fixed pricing

    • A quick note on mark-up vs. margin

  5. 6
    • The difference between gross and net profit

  6. 7
    • Before you go...