Financial Coaching?
Pop Up Bookkeeping pairs very well with financial coaching for your boutique business. Many years of experience working with hundreds of independent boutiques from all sales levels allows a great perspective. After focusing on bookkeeping for your business a careful analysis is placed upon how your sales relate to net profits for your business. The Pop Up Bookkeeper will create a customized profiling of your business and how to reach your goals. Showing you first handedly how all the major components of profit margin, expenses and how much you can pay yourself work together.
What is a profit margin?
Sales don't equal to profitability. Gross profit margins do. Depending on your style of selling this can vary from boutique owner to boutique owner. Focusing on increasing profit margins is important to success of your business. However expenses also play a large role as well.
How do expenses play a role?
Expenses vary between each boutique owner, knowing where your money is going once you have profited is important. Over spending can lead to cash flow problems resulting is less payroll.
How much can I pay myself?
This is the most common question of all. Bookkeeping tools can break down how much you can pay yourself and how much to be saving for taxes. There is a careful balance that will assist to meet your goals to take home to your family.