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The Bottom Line
- By William Hoffman
- Published August 30, 2010
- Business and Economy
- Unrated
Business often seems like a world of jargon. In fact people often make things worse by using obscure language. Accountants and solicitors can seem particularly guilty of this and often seem to use language to try to bamboozle clients which means they can then charge more for dealing with fairly routine matters.
Many business people also seem to enjoy making their language very colourful. They never seem to be just busy. Instead they have spent the day putting out fires. For all the talk of leveraged this and multi-disciplinary that, there are certain expressions which everyone seems to understand.
One of these is ‘the bottom line’ which means the net profit a business produces or is expected to produce. Of course you need to understand what goes into a set of accounts before you can truly appreciate the significance of their results. Most businesses know however that the most important thing is that they should do everything in their power to increase the bottom line.
There are two main ways of doing this. Increase income or reduce expenditure. Certainly, the latter is especially important during times of economic difficulty or downturn. Unfortunately staffing costs always seem to be considered for cuts first.
One area that often gets overlooked is commercial gas and electricity. This is usually one of the highest expenses for most companies. The market for business gas and electricity has become very competitive so it pays to review your expenditure in this area regularly.
Some companies don’t even seem to realise all the special tariffs that are available on commercial gas and electricity. Those companies can be in for a very pleasant surprise when they start looking into this area.
At Saturn Energy we guarantee to beat your current supplier’s price by doing all the legwork for you.
Many business people also seem to enjoy making their language very colourful. They never seem to be just busy. Instead they have spent the day putting out fires. For all the talk of leveraged this and multi-disciplinary that, there are certain expressions which everyone seems to understand.
One of these is ‘the bottom line’ which means the net profit a business produces or is expected to produce. Of course you need to understand what goes into a set of accounts before you can truly appreciate the significance of their results. Most businesses know however that the most important thing is that they should do everything in their power to increase the bottom line.
There are two main ways of doing this. Increase income or reduce expenditure. Certainly, the latter is especially important during times of economic difficulty or downturn. Unfortunately staffing costs always seem to be considered for cuts first.
One area that often gets overlooked is commercial gas and electricity. This is usually one of the highest expenses for most companies. The market for business gas and electricity has become very competitive so it pays to review your expenditure in this area regularly.
Some companies don’t even seem to realise all the special tariffs that are available on commercial gas and electricity. Those companies can be in for a very pleasant surprise when they start looking into this area.
At Saturn Energy we guarantee to beat your current supplier’s price by doing all the legwork for you.
The Article is written by onlineenergy.co.uk/ providing business gas and business electricity Services. Visit http://www.onlineenergy.co.uk/ for more information on onlineenergy.co.uk/Products & Services___________________________Copyright information This article is free for reproduction but must be reproduced in its entirety, including live links & this copyright statement must be included. Visit onlineenergy.c