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Groundie/climber current rates?


Paddy1000111
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8 hours ago, eggsarascal said:

Turnover is vanity, profit is sanity.

I agree completely; however, your profit is very unlikely to be higher than your turnover so you don't want to keep it too low. 

 

I'd also add cash is king (or cashflow at least). No point making a good profit on paper but always having to scrape around to find the money to pay bills. 

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9 hours ago, eggsarascal said:

Turnover is vanity, profit is sanity.

It’s a catchy phrase that gets trotted out from time to time and there’s some merit in it.

 But, If you’re selling widgets that you bought for a quid and sold for £1.01 and you sell  200 a week then it’s true, but if you sell 2 million then it’s a different story.


Tree work isn’t a goods supply business, fixed costs are usually quite low in comparison to a pub for instance.

 

So if you’re turning a lot of money over in this business it’s highly likely that you’ll cover your fixed costs fairly early on in the week/month/year

 

Large turnover can mean loans to buy machinery, which will improve productivity and can be written off after a period of time then sold privately when they still have a high value.

Pure profit is taxable, whereas capital assets are tax deductible.

 

There’s more than one way to approach running a business is all I’m saying.

 

I am no expert of course, not many of us are, not looking to argue, just encourage debate.

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