27/08/2026
One thing I wish more new business owners were told...
£50,000 turnover doesn't mean you've earned £50,000.
I know that sounds obvious when you say it out loud.
But turnover, profit and the amount you can actually take from your business are very different things.
If you invoice £50,000 over the year, that's your turnover.
From that might come materials, software, insurance, fuel, subcontractors, equipment and all the other costs involved in doing what you do.
What's left after allowable business expenses is much closer to telling you how the business has actually performed.
It's why I always encourage business owners to look beyond the big sales number.
Growing turnover is great.
But understanding what's left is far more useful.
Julie