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Starting up

You're thinking of starting up your business in Jersey which is the first step in turning a good idea into a commercial opportunity. Find out more

View all Starting up guides View all Starting up case studies
First things first
Getting prepared
Getting the formalities ready
Guides & checklists
First things first Do you know that your business idea is viable?
Getting prepared Developing a business plan Preparing financial forecasts
Getting the formalities ready Types of trading entity Starting up as a sole trader or partnership in Jersey Setting up a limited company in Jersey Setting up in Jersey as a non-resident Setting up a catering business Starting a mobile catering business in Jersey Social Security contributions and your new business Setting up as a bookkeeper or accountant
Guides & checklists Business Plan Template Running a business from your home Relocating your business to Jersey

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Running your business operations as smoothly as possible for maximum efficiency gives an instant boost to your bottom line. Find out more

View all Operations guides View all Operations case studies
Productivity Hub
Marketing
Technology & data protection
Premises & insurance
Local services providers
Productivity Hub SEE Enterprise Pathway Pilot Productivity Support Scheme Grant Business performance GVA Calculator (Gross Value Added)
Marketing Types of marketing activities
Technology & data protection Cyber security Cyber essentials Data protection definitions Data Protection for SMEs Data Protection – Frequently asked questions Data Protection Registration GDPR – A risk based approach to compliance GDPR - What will it mean for your business? Incoming Threats Keep your business safe online Systems that support your business Systems and Hardware Your online behaviour
Premises & insurance Business Insurance

Finance

A clear financial plan and understanding of your finances is key to the success or failure of a business. Find out more

View all Finance guides View all Finance case studies
Managing finances
Raising funds
Free business health check
Funding opportunities to boost your productivity
Managing finances Financial Plan Development Minimizing Waste & Energy Costs
Raising funds Listing on the local stock exchange
Free business health check Business Health Check Form
Funding opportunities to boost your productivity Better Business Grant Agricultural Loans Fund

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Importing & exporting Exporting Importing goods into Jersey Marketing internationally
Programmes Business Improvement Programme Leading Growth Programme

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Wellbeing in the workplace
Remote workers Hiring Employment disputes
Wellbeing in the workplace Stress Time management Resilience Physical exercise Healthy eating
GVA Calculator Page Header (1)

GVA Calculator

Essential for business success and growth

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GVA Calculator (Gross Value Added)

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GVA (Gross Value Added) is the secret sauce that reveals how much value a business or sector adds to the economy. 

What is it?

GVA stands for Gross Value Added. It is an economic measure of the value of goods and services produced in an area, industry, or sector of an economy.

Our calculator measures GVA per full time equivalent (FTE) employees.

You can jump right in and try it now or read on to find out what you need to get the right result first time.

Our GVA Calculator: It’s like a financial fitness tracker

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Try our GVA calculator - it reveals where you stand in your sector.

GVA 1

How does GVA work?

 

Ingredients: Take all the goods and services your business produces. That’s your gross output.

Process: Subtract the resources you used up along the way. This difference is your net output.

Voilà, GVA!: It’s the net output—the value you’ve added to the economy.

 

Why is it important?

Economic Health Check:

Think of GVA as our economic thermometer. When it rises, things are looking up; when it falls, we need to pay attention.

Beyond Price Tags: 

GVA goes beyond sales figures. It considers the real worth a business brings. Imagine a shop selling handmade crafts—the difference between selling price and raw material cost is where GVA lives.

Business Survival Toolkit: 

Knowing your GVA helps you navigate costs, plan for growth, and stay afloat.

GVA 4

Why should I care?

 

Budgeting Clarity: GVA reveals your real worth. It’s like knowing how much paint you need for a canvas—too much, and it’s wasteful; too little, and it’s incomplete.

Sector Insights: Different sectors have their GVA recipes. Knowing yours helps you compare with others—are you a star player or just part of the ensemble?

GVA Calculator: On our website, we’ve crafted a GVA calculator. Plug in your numbers, and it’ll unveil your business’s secret sauce.

GVA 6

What do I need to make a correct calculation?

 

Before diving in, let's ensure you have everything you need for a smooth experience. You'll want to have your  

  • annual business turnover 
  • your total annual business expenses, deduct wages and social security payments 
  • number of FTEs (Full-time equivalent employees) 
  • sector your business operates in

 

Here is a full explanation of how to calculate your GVA. 

If you have numerous part-time employees and are not sure how to work out your FTEs please contact us.

You can find out more about how we manage your data here.

GVA isn’t just about numbers

Remember, it’s about the essence of your business. So, let’s explore the magic behind the figures and create economic success.

GVA Calculator Page Header (1)

Our GVA Calculator:

The magic behind the numbers. It reveals where you stand in your sector.

Try it now

How can I improve my GVA?

Here are some hints and tips to help improve your GVA per FTE.

Operational Efficiency:

Streamline your processes. Identify bottlenecks and eliminate unnecessary steps. Think of it as decluttering your workspace—less chaos, more productivity.

Innovation Mindset:

Encourage creativity within your team. Innovate products, services, or processes. Imagine you’re planting seeds—innovation grows your business.

A shot through a 2nd floor interior window of a man on his laptop

Customer Focus:

Understand your customers deeply. What do they need? How can you serve them better? It’s like customising a suit—tailor your offerings to fit their preferences.

Invest in Skills:

Train your team. Knowledge is your secret weapon. Sharpen their skills, and they’ll create more value. Like a well-tuned instrument in an orchestra.

Sector Insights:

Compare your performance with similar businesses. Are you leading the pack or lagging behind? Learn from the best practices of others.

Remember

GVA isn’t just about numbers; it’s about the heartbeat of your business. Keep these steps in mind, and soon you’ll see positive ripples in your business.

Here's how we can help with productivity

Productivity Hub
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Productivity Conference 2024

Productivity is the lifeblood of business survival and growth, and in this conference, we'll explore how it can help address some of the biggest challenges facing businesses in 2024.

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Business Improvement Programme

Sustainable efficiency and productivity gains for your business.

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Streamline Your Success: Productivity and Continuous Improvement

Attention entrepreneurs! Whether you’re a new starter or have already entered the business world for 1-2 years, embarking on your journey can feel daunting. But fear not! Our workshop will help guide you through Lean processes, ensuring you aren't WASTING TIME, BURNING MONEY and set up your business for success. 

Find out more

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"We thrive on delivering clear/realistic/straight-thinking, street-smart advice that propels our clients towards reaching their business goals."

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Jennie Smith

Head of Business Support

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