Turnover doesn’t equate to success

There are multiple key indicators of a successful business. The most common sign of a successful business is profit. If your business is profitable, you (by definition) run a successful business. Gross profit is the sales margin, so the total sales minus any costs made to bring in the sale, and Net profit is the total sum of funds left during a set timeframe after the deduction of all expenses. Profit increasing over a period of time is a great sign of business growth, and success. Cashflow is also an indicator of success. To run a business successfully, a consistent flow of funds is essential. Cashflow is determined by the amount of money coming into the business on a consistent basis, meaning your committed expenses are covered. Neither profit, or cashflow are reflected in your turnover, as turnover is a measure of size, not success.

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How to boost your turnover

Increasing your turnover is directly correlated with increasing the size of your business, and is often correlated with increasing your profits. It isn't simple to upscale your business, and it takes preparation. An alternative business funding solution is a possible method to increasing turnover. Asset Finance, as an example, can allow you to purchase more equipment, plant, or vehicles for you to rent out. This would therefore increase your turnover. This funding solution is a service provided by a lender, and within the alternative business funding landscape these are typically not high-street banks. We work with challenger banks, peer-to-peer lenders, and some arms of high street banks.

Within the sphere of alternative business funding comes plenty of methods that allow you to raise funds, including options such as investment from different types of investors, crowdfunding, and finance products from the financial houses mentioned prior.

JD Capital Finance is a firm of commercial finance specialists, focusing on acquiring SMEs the funding they require. We provide a consultancy service to you, helping you through as you seek the right facility for you business. This comes at no cost to you. as we are paid a finder's fee by the lender you are partnered with. As we deal with lenders based in the UK, we can only help UK businesses registered as Limited Companies with HMRC.