How can knowing the 5 stages of grief help when dealing with business failure? It's fair to say that business failure is like a breakup but with your dreams. Understandably, lots of emotions creep up on you as you try to deal with the idea that it really is the end of...
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...
If you’re running a dormant company, or thinking about making your business dormant, there are some key things you need to understand. Dormancy is a status for companies that aren’t actively trading. While it might seem like a low-maintenance option, there are still...
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...
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...
Becoming a solopreneur is a bold move that blends independence with entrepreneurial spirit. Unlike traditional business owners, who might have a team to rely on, solopreneurs wear all the hats - from strategists and marketers to customer service representatives and...
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...
Running a business requires a good grasp of where your money is going. It's important to know the difference between capital and revenue expenses because it affects how you manage your budget and the financial health of your business. Understanding these will also...
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...
There comes a time in business when things don’t go according to plan and you end up in debt. A pretty uncomfortable place to be in - I know. No matter how angry or sorry we feel for ourselves, it’s important to know how to overcome any financial disaster that comes...
Recognising the signs your business is failing or may be heading that way is crucial for every savvy business owner. In the vast sea of entrepreneurship, understanding the subtle hints of business troubles is the key to steering clear of potential failure. Why it's...
Starting a business is thrilling - filled with hope and excitement. At the initial stages, it’s all about positive feelings, fueled by the passion for one's vision. However, as many entrepreneurs know, it isn’t always a smooth ride. And a business may end up drowning...
One of the problems, if not the biggest, that most business owners have when it comes to planning their future, getting more customers, figuring out the costs and making money is not taking into account all the important bits and pieces. That’s where a Business Model...
Businesses are facing a cost of business crisis. This affects millions of business owners in the UK and around the world. Not in a good way. This is a crisis that's under reported, not widely discussed and very little financial support. However, it's something that...
Resource Analysis for your business is this weeks blog and video. You need resources for business growth and success. Furthermore it’s important to see if the current set of supplies will help or hurt your business. Resource analysis helps your business bridge a...
How to avoid undercapitalization and what it is, is this weeks video and blog. It’s when you run out of money, and the company hits a financial brick wall. This video will cover what it is, why it’s a problem, and how to avoid it. The reason why so many small...
Sole trader or limited company and Choosing your business structure to save tax ? Previously I talked about the differences between a sole trader and limited company. What you need to consider when deciding what business structure, you should adopt. You cannot make...
How operational gearing affects your business Do you know How operational gearing affects your business? In a nutshell it shows much risk you have, and affects your survival, growth, and prosperity. What is operational gearing? Firstly, let us talk terms. Operational...
Why leadership is key to your business resilience is the topic of this blog. Business resilience is what you need when running your business. The businesses that share these characteristics tend to be at a large, multinational corporate level. However there are...
Business cash flow is one of the most important numbers to watch if you want your business to survive and thrive. Money in the bank helps you pay suppliers, staff, freelancers, loans, tax and yourself. When cash stops moving through the business, even a strong idea or...
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