9 Tips to Reduce Debtor Days for Construction Business Owners
Steady, reliable cash flow is crucial for the survival of your construction business – so taking steps to ensure your customers pay promptly is a key priority. Debtor days refers to the length of time it takes clients, on average, to pay you for the work you’ve done. A higher number of debtor days means […]
Improving cash flow: How to get paid faster
Maintaining positive cash flow can be challenging for many SMEs, whether you’re just starting out or have been running your company for years. The difficulty often comes down to waiting for clients to pay their invoices. One or two chronic late payers cost valuable time and money when you have to chase them down; if […]
Essential steps to managing your family’s finances
Managing family finances can be a daunting task, but with the right tools and mindset, it can be a smooth and effective experience. Here are some essential steps for managing your family’s finances, including budgeting, saving, and planning for the future. Budgeting Budgeting is the cornerstone of managing family finances. It involves creating a spending […]
The ultimate guide to improving business cash flow
In the business world, cash flow remains the lifeblood that keeps your operations running smoothly. Whether you’re a start-up finding your feet or an established business, maintaining a steady cash flow can be a challenge. But a few small changes can make a world of difference to your cash flow and overall revenue. So, let’s […]
8 tips for staying in budget this Christmas
The much anticipated John Lewis ad has launched which means Christmas is officially upon us. Chances are you’re starting to feel a bit ‘spendy’. It’s only natural. We want to spread that feeling of good cheer around by buying presents for those we love. There’s nothing wrong with that, but keep your wallet in mind. […]
How to unlock cash within your business
As a business owner, have you ever been caught short of cash? What if I told you that the solution to your cash flow woes might be hiding in plain sight? Yes, you heard it right. Your business may already possess the funds you need, locked up in assets, stock, or your debtors. In this […]
Where’s the cash? Solving the mystery of missing profits
Starting a business is a wild ride with its fair share of ups and downs. One hurdle many new entrepreneurs encounter is the difference between the profits they expected and the hard cash available at the financial year-end. This guide aims to alleviate these concerns by shedding light on where your missing revenue might be […]
Our business is really busy, but we have no cash!
Our business is really busy, but we have no cash! And it’s keeping me awake at night. The wages are due at the end of the week. And the Vat bill is due. But we have no cash! Have you ever been in this position running your business? You’re busy, working with great clients, […]
6 tips to paying down your personal debt in 2023
2023 is expensive. The cost of living is higher than ever, interest rates keep rising, and it keeps getting harder to stay afloat, let alone get ahead. As a result, carrying debt has become commonplace. But, with the challenges of the past few years, many of us have more debt than we’re comfortable with. How […]