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What is TURNOVER? Self employed and small business basics

In this video I'm explaining what is meant by turnover in business. Sometimes referred to as total sales, gross sales, total income, gross income, revenue, gross revenue, top line and even net sales to really confuse things, turnover is one of the most basic metrics used to assess business performance. I'm speaking mostly from a UK self employed basis here - there are different rules for companies and terminology can very from country to country and even from accountant to accountant. As us usual, my aim is to give you the basics to help you get your small business off the ground. GET A GOOD ACCOUNTANT! Read the full article here: https://smallbusinesstoolbox.uk/small... Help to support this channel directly - join and get extra member-only content at: https://smallbusinesstoolbox.uk/member/ Here's some affiliate links to more products I use or would consider using - read more about affiliate links at the bottom of this description: Tide for business banking: https://rebrand.ly/sbt-tide SiteGround for web hosting: https://rebrand.ly/sbt-siteground 123-Reg for domain names: https://rebrand.ly/sbt-123reg More articles here: https://smallbusinesstoolbox.uk Disclaimer: I'm not in any way qualified to give you accountancy, tax or legal advice. Always use a good accountant. My opinions are my own and don't necessarily reflect the views of the companies I deal with. I sometimes use affiliate links - these don’t cost you a penny and help to keep this channel running. Read more about affiliate links here - the fairest way of funding the internet: https://smallbusinesstoolbox.uk/affil... - thanks so much for your awesome support! Soul Groove by Audionautix is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/...) Artist: http://audionautix.com/ #SmallBusiness #BusinessTips #SelfEmployed