Profit is something we’re all familiar with, but to protect your profits as a business owner you will need to clearly understand what your ‘profit margin’ is, so you can take the steps you need to take.

They say that money makes the world go round and we certainly all need it. Some are great at saving it, others spending it and in the current climate your relationship to money is something important to consider.

Small businesses have some great tools to manage these ups and downs, and one of them is cashflow. Done in the right way, cashflow management can save your business from disaster and boost it towards growth when things are going well.

According to the insurer LV=, the UK worker will change jobs every five years on average. Assuming you have a new pension for every job, the average 50-year-old will have accumulated six pensions.

So, if you are a business owner, what can you do to limit the impact that inflation and rising interest rates may have on your enterprise?