Insights

What’s the true cost?

This post applies to all industry sectors but since we specialise in #construction , #manufacture , #projectmanagement and #foodmanufacture, this is particularly relevant for you.

Establishing the total cost of your product or job is crucial. If you don’t know that how can you arrive at a selling price and know you are making a profit?

It is usually fairly easy to ascertain material and labour costs, but what about all the other overheads your company incurs that are necessary to keep the business operational. I am talking here about rent, rates, software, insurance, motor expenses, utilities etc.

How can you charge a fair proportion of those overheads to arrive at the overall total cost?

There are a variety of methods you can use and which one is best will be determined by the type of industry you are in and whether you are labour or capital intensive.

I fully understand most business owners didn’t go into business because they love numbers, but if you arrive at a selling price only considering the material and labour costs without a great deal of thought given on how to allocate a proportion of all your other costs this is leaving money on the table.

Getting the right support and help will make sure that doesn’t happen.

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A message from our founder

We are pretty sure you didn’t go into business to fiddle about with payroll, bookkeeping, VAT returns and HMRC forms.

Let’s face it. Running your own business can be difficult enough at the best of times and there’s one thing for sure – it isn’t getting any easier! You’re trying to keep so many plates spinning and juggling so many balls all the time to keep customers, staff, stakeholders and the bank happy. But who keeps you happy? You’ve got suppliers to pay, VAT, and all sorts of other taxes too.

You are looking for more profit and more return for all your hard efforts for you and your family.

Is now the time for you to get some more help? A plan? More controls? A different approach? Do you want things to happen better or faster?

If you can relate to even some of this this then maybe you need to make a call?

To show you we mean business I can visit you, at your convenience and without cost or obligation, at your business or home to develop a plan of action. You will know exactly what you will pay with us and there will be no hidden costs. Guaranteed.

What’s the worst case scenario?

Only that you will have some more ideas to take away.

But it could be the best call you ever make.

Jeff Wingham

Jeff Wingham studied at Dundee College of Technology (now The University of Abertay) gaining a BA in Accounting with commendation and was also a prizewinner in his penultimate and final years of his degree.

BA AFA MIPA

First Floor Offices
31 Hawkhill
Dundee
DD1 5DH

Phone: +44 (0) 1382 220263
Mobile:+44 (0) 7709 241918
Email: enquiries@cikas.co.uk

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Thursday: 8:30am — 5:00pm
Friday: 8:30am — 5:00pm

(Evening consultations also available)