Business credit control is essential for any organisation that relies on incoming payments. Many artists and businesses face delays between earning income and receiving cash. This often includes fees, grants, sales, and donations. However, cash flow remains critical...
Forecasting is crucial for running a successful business because it helps us look ahead and prepare for potential challenges effectively and strategically. While understanding historical performance is important, we must equally focus on what lies ahead and adapt to...
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...
Operational gearing is an important tool for business owners and entrepreneurs. It's a measure of how much profits are being generated by the company's day-to-day operations, as opposed to its investments. In other words, it can tell you how lean your business is...
Business Growth and Overtrading is one of the biggest problems facing businesses today, Furthermore it impacts start ups to established businesses. It's easy enough to avoid if you know what signs look like but many companies simply don't have the time or expertise...
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...
About this episode Cash keeps the lights on in business. Profit matters, but if cash runs out, the business can quickly feel under pressure. A cash flow forecast helps us see what money may come in, what money may go out, and what could be left in the bank each month....
Do you want to know how to Make your cashflow forecast with Microsoft Excel? Making your own cashflow forecast is easy with Microsoft Excel. You can use it for any business, big or small. It’s the world's leading spreadsheet and has been around since 1985. If you're...
Cash is your financial priority, which is this weeks I Hate Numbers podcast. In previous weeks turnover and profits have been in the spotlight, this time Cash is taking centre stage. In this podcast I'm going to look at What cash is Why Cash is your financial...
My question to answer today is What turnover means in business. It doesn’t help you that there are different terms for turnover, for example revenue, sales, and takings. In this short blog-vlog I will Tell you what turnover is How to calculate it Why turnover is...
Are you looking for a new loan, and want to avoid The mistakes in borrowing money? Above all, do you want to know how to avoid those pitfalls? Just follow these four simple steps and you'll be on your way to avoiding those common mistakes when borrowing money for your...
You are here because you want to know Should you pay off your Bounce Back Loan . Many of you would have already received some notices from your bank advising you that your Bounce Back Loans are coming up for repayment. A key question is should you pay them back now?...
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...
The new Job Support Scheme (JSS), Furlough mark 2, was updated on 22 Oct 2020. It was met with pretty much universal delight and applause. For many, the updated Job Support Scheme is a good replacement of the current Furlough scheme. The Furlough scheme, modified...
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...
What has Planning your Arts Event got to do with business? Well, arts and businesses share a lot in common. There are differences, but also common ground between artists and private businesses. nevertheless. Artists are full of creativity and energy, delivering...
How to manage cash flow Firstly managing cash flow is paramount for all businesses. Revenue is vanity, profit is sanity, and cash is reality. Secondly cash, what gets paid into your banks or your wallets/purses is the life-blood of any business. Cash is needed for a whole variety of things, including from paying bills, buying […]