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...
Billing mistakes can severely harm your cash flow and lead to unnecessary stress for your business. Because of poor billing practices, many small business owners find themselves struggling to keep their financial health intact. Consequently,...
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...
In last week's episode of I Hate Numbers, we emphasized the critical nature of cash flow forecasting for businesses. Now, in Episode 217, we're shifting focus to share five essential cash flow management tips every small business owner needs to know....
Have you ever thought about what separates a successful business from the rest? It's more than simply having a fantastic product or service; it's also about mastering the art of cash flow forecasting. The power of cash flow forecasting It is more than just calculating...
In the latest episode of the I Hate Numbers podcast, we shed light on the indispensable role of Cash Flow Forecasting in ensuring the success of your business endeavours. Understanding the Ups and Downs Cash Flow Forecasting serves as a beacon, guiding...
In this week's episode of "I Hate Numbers," we tackle a critical topic that every business is bound to confront sooner or later — the signs of impending financial distress. Last time, we delved into the emotional challenges of making tough...
Knowing how to streamline your business expenses is essential for the success of any business. By implementing cost reduction strategies and streamlining expenses, you can improve your cash flow and bolster your business's financial health. In this vlog, I will...
Is Achieving business growth on your agenda? Are you ready to take your business to the next level? Growing a business is no easy feat, but with hard work and dedication, you can make it happen. Here are some tips to help you succeed: Hard...
Wondering how The financial power of product grouping gets you more financial understanding in your business? By looking at your business in terms of product groups, you can gain powerful insights into where your money is coming from and where it’s going. This...
Have you ever wondered how to spot and fix overtrading? If so, then this video is for you. Over the next few minutes, I'm going to show you how to spot and fix overtrading in your business. So, let's get started! Are you looking to grow your business? If so, then it's...
Financial Statements explained is this weeks video, understanding them is a big deal. Above all the financial statements form the bedrock of any company. Therefore understanding them and how they work gives you insight and clarity. In this video I'll talk you through...
Undercapitalization and business failure go hand in hand. Just like Peaches and Cream, Gin and Tonic, Pineapple and Pizza. Undercapitalization is the main reason why many businesses become financial failures. In this week’s podcast I'm going to talk to you about...
Why cash is important for your business is this week's topic. In previous videos I've looked at turnover and profitability, but this time cash is in the spotlight. I will look at Why cash it is the key financial number in your business. What cash is Why cash is...
What is turnover in business? Turnover is a popular term used in business. It’s the official terminology used in company accounts, the tax returns of self-employed & partnerships, and is common usage in the business world. In this week’s episode of I Hate...
Have you heard about the fifth self-employed grant? The fifth self-employed grant is a government initiative helping people who are self-employed. It’s due to be paid out over the summer months, covering the periods between May 2021 and September 2021. Today’s vlog...
You may be thinking, "I'm a business owner. I don't need to worry about How different is cash to profits? " But it is important to understand the difference because they are not always interchangeable. Cash is what pays your bills, while profit is how much money you...
You might be wondering, Should you pay off your business debt early. I have a few thoughts on when to pay off debt, but first let us talk about the four factors that come into play. There are four factors I want to share with you in this weekly episode of I Hate...
The conditions for the Third Self-Employed Grant have toughened. The virtual claim doors open from 30-Nov-20. The impact of COVID 19 on your business and your trading profits is key. Unfortunately, the guidance is not expressed in terms of awful, crap, rubbish or...
We've had new lockdown and tier restrictions, which means managing your cashflow during lockdown is blooming important. The financial support measures, such as the new Job Support Scheme, Job retention bonus, all needs to be factored in. If you don’t manage your cash...
If your business employs staff then COVID-19 has added more pressure, the Job Support Scheme and Planning is vital. You want to look after your employees and their welfare, but also the payment of those employees and the cash flow situation, that that creates when...
Collecting money from your customers is a big deal? Getting paid on time is a big deal. Because cash guarantees your survival week after week. No cash, no business. The lights will not be on, the door will not be open. This week’s episode of I Hate Numbers is all...