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biggest business outgoing


simonm
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What is the biggest outgoing your business has? after going overboard buying machinery this year i have put a stop on the old bank card getting used too much! looking through bank statements the fuel bill seems to be ever increasing with no way of stopping it!

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How many employees do folk have if wages is their biggest outgoing? Last year 2 of us did just short of 100 grands worth of work, i want it to increase again this year but instead of getting another employee and spend all year wiping their arse financially i have invested in a skid steer which is paying off already.

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Rough break down of what we spent in 2016 as a percentage..

 

56 percent on wages..

11.5 percent on VAT

8.5 percent on new stuff and repairs to small plant

5.5 percent on running vehicles including repairs (but not fuel or insurance)

4 percent of professional services

3 percent on fuel

3 percent on advertising

2.3 percent on insurance

1 percent on training

Edited by benedmonds
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