Overtrading is a very common problem for businesses. Furthermore, it can lead to financial failure even if you’re making profits in your business. That situation, folks, is known as overtrading and that’s the theme of my video today.
So let’s get started on our journey together on avoiding overtrading in your own business. Let me introduce myself first of all – my name is Mahmood and I am an accountant who works with lots of small businesses just like yours every day helping them improve their profitability through better cash management practices such as understanding their true cost base so they can make more accurate pricing decisions for their products or services which leads directly onto improved gross profit margins which means higher net profits at year end for them too!
One thing I see often is clients struggling financially because they’ve been trading beyond their means because they want growth now rather than waiting.
Have you ever wondered how to spot and fix overtrading?
If so, then this video is for you. Over the next few minutes, I’m going to show you how to spot and fix overtrading in your business.
I’m going to show you:
- When overtrading might be happening in your own business,
- What steps you need to take immediately if it does happen.
By the end of this video, I hope that not only will you know how to avoid overtrading but also have some ideas about how best to grow your business successfully without getting into trouble with cash flow or profitability issues along the way.
Understanding how to spot and fix overtrading is vital for any business. Growth can be good, but rapid growth can be bad news. This can be overwhelming, but it doesn’t have to be that way! Go back to this vlog if you haven’t watched already where I’ve broken this down and made it accessible.
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