Tips: how to avoid common mistakes undermining profitability

When a business makes a profit it is not necessarily as rosy at year end as first thought. Jonathan Amponsah CTA FCCA of The Tax Guys shares some of the biggest mistakes facing owner managed businesses and looks at what can be done to avoid potential pitfalls from misjudging price rises to low margins and a lack of cashflow

Is your business making a profit? When business owners have money in the bank at year end many make the mistake of thinking they are profitable. However, because of a number of common mistakes many entrepreneurs do not fully understand the ins and outs of profitability.

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