'Marketing Agencies: All About The Margins' Useful information in this article by a CPA - definitely worth a read for agency owners
. https://www.betterwaycpa.com/general/marketing-agency-profit-margin/ #marketing #marketingagency #KPI #agencygrowth Marketing Agencies: All About the Profit Margins • Chris Hervochon What's the difference between gross and net margin and why they're important? Learn how to optimize your marketing agency profit margin.
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Paul Andrews • On the show tomorrow I'm joined in the studio by co presenter Jo Dodds with our other co presenter Audra Lamoon doing a phone link our studio guest is Sean Stevens of Dino Collections talking all things credit control . This weeks show sponsor is Temp Network, suppliers of temporary warehouse, fulfilment, packing and catering staff. http://www.tempnetwork.co.uk/
Maggie Langley • Credit control - great topic! I'm a big believer in the importance of credit control procedures for small businesses.It just feels too personal for a lot of business owners to chase for outstanding invoices. A good system depersonalises it. If everyone gets a reminder letter/call on day x and day y and a more formal letter if needed on day z, then time isn't wasted worrying. If there's a legitimate reason for the delay, there's always room for flexibility and understanding. Procedures & good communication just weed out the disorganised, forgetful or cheeky so&so's who intend to pay but are trying to delay as long as possible. The Pay On Time website is a great free resource http://payontime.co.uk But the real soft touches out there would do best to outsource it companies like Sean's!I'll look forward to listening in tomorrow!
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