Working capital is the short-term money tied up in your business that keeps it moving day to day. It helps you pay bills, pay yourself, buy stock, finish work for customers, deal with suppliers and keep the business running. If your working capital is weak, even a...
Working for yourself is a major life change for most people. It affects your work/life balance, your attitude, and even your social life. It also impacts your earning power and ambition. Today, more people consider working for yourself, whether by choice or by...
Many businesses build up substantial cash reserves over time. Whilst directors often extract profits through salaries, dividends or pension contributions, another option is to establish a second company and transfer funds using an intercompany loan. At first glance,...
What are the benefits of filing your tax return early. Why could this be one of the best financial decisions you make this year. While the Self Assessment deadline for the 2024/25 tax year isn’t until 31 January 2026, early submission has real advantages. Let’s break...
About this episode Economies of scale may sound like a big-business concept, but every business owner should understand it. Whether we run a small bakery, a creative business, a theatre company, a social enterprise, or a larger organisation, growth can change the...
Overtrading can destroy even profitable businesses when growth happens too quickly. Although most business owners aim for growth, we often overlook the risks that come with rapid expansion. Furthermore, this week's episode explores why managing...
Cash flow management strategies can make the difference between a business that handles a difficult period and one that suddenly discovers it has run out of room. Profit matters, but businesses can survive periods of low or even no profit. What they cannot do for very...
Cash flow management tips matter because running short of money can stop a good business from operating smoothly. When customer payments are slow, expenses arrive before income, or one major client delays payment, we can quickly feel the pressure. In this episode, we...
Responsibility Center KPIs (Key Performance Indicators) go hand in hand. Just like Gin and Tonic, Horse and Carriage, Pizza and Pineapple!. Managing a business requires constant monitoring and analysis of financial data to ensure optimal performance. Measuring...
Responsibility centre KPIs help you measure performance in the right parts of your business. Different teams, departments and business units control different things, so you should not measure them all in the same way. In this episode, we look at practical KPI...