Cash flow forecasting might sound like a big deal, but it is really not. It is just about making sure you know how much money is coming in and going out of your business. If you get it right, you can avoid running out of money and be ready for anything. So, that’s...
Managing cash flow is vital for running a successful business. I can testify to this personally as well as from my 30+ years of experience helping clients manage theirs. No matter what kind of business you have, a steady cash flow ensures your business stays...
Small businesses can often struggle to make ends meet if they don’t have a good billing process in place. That’s why, in this blog, we’ll focus on the 5 common billing mistakes that can hurt your financial health and how to avoid them. The general topic of this blog...
When it comes to growing your business, success isn’t just about strategy, tools, or talent. Often, what keeps businesses stuck are the bad business habits that seem harmless but can actually hold you back from reaching your full potential. These aren’t just minor bad...
When building a business, most people focus on the right strategies, financial planning, market conditions, or even having a strong network. But in business, success starts with believing in yourself. This is because you’re more likely to overcome challenges, take...
When it comes to achieving high efficiency and reducing costs in business, the principle of economies of scale is what we need to understand, and then plan for it. This concept applies to all sorts of businesses - be they sole traders, LLCs or not-for-profits. It also...
When it comes to running a successful business, it’s easy to get caught up in sales numbers and gross profit. But here’s the truth: those sales numbers might be hiding a bigger issue, one that could slowly drain your business dry. Operating profit is giving you a...
Do you know what due diligence is and why it's important for business collaborations? Whether you're looking to buy a company, invest in a new project, or enter a partnership, due diligence helps you determine the true value and risks of the opportunity. So, it's all...
Are you a business owner looking to improve your company culture and client relationships? One simple, yet powerful, tool might surprise you: kindness. Kindness in business is a powerful tool for success. Far from being a sign of weakness, incorporating it into your...
Running a business is a challenging endeavour. It requires a lot of problem-solving and decision-making. And, it also gets much more difficult if you happen to accept some misconceptions or myths that are floating around in the business world. That's why I want to...
Failure in business can feel like a punch in the gut, leaving you questioning your decisions and capabilities. But guess what? It’s not the end of the road! As a matter of fact, failure can be a powerful teacher and a stepping stone to greater success. Many of the...
Increasing small business profitability is more than just lowering costs or raising prices. It's about achieving a balance between managing costs, optimising processes, and creating value that keeps customers coming back. We all know that running a small business is...
Do you want to learn more about profitability analysis but aren't sure where to start? Understanding your company's profitability is critical for making sound decisions that can lead to increased financial success. Profitability analysis is a financial tool used by...
What exactly is cash flow management for small businesses, and why is it so important for businesses to understand this financial aspect? Cash flow management is the strategic administration of a company's cash inflows and outflows, making sure that there is always...