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 […]
Differences Between Gross and Net Profit (and Why Neither Matter Unless You Get Paid!)
Wondering if you’re doing everything you can to boost revenue and cut costs? Or if your business is actually more profitable this year than it was last? The best way to answer these questions is with a thorough assessment of profitability. That’s where gross and net profit calculations come in. These are two of the […]
Five Ways to Manage a Healthy Cash Flow
We cannot stress enough the importance of properly managing your cash flow to ensure the smooth running of your business. And in times of crisis such as pandemics and, more recently, the impact of economic pressures, this becomes more than important– managing your cash becomes a necessity for survival. If you are experiencing cash flow […]
Main Causes of Stress for Business Owners
…and how to offset them Many entrepreneurs believe that hard work and dogged determination are all it takes to build and sustain a successful business. But when you consider the pressures of running a company, it seems wise to add effective stress-management to the list. Left unchecked, stress can erode your passion and undermine performance […]
Tips for managing construction industry cashflow
Owning a small business in the construction industry can be incredibly stressful. In addition to the long days and difficult working conditions, you have to worry about cash flow issues. It can take a long time to collect on payment from your clients or contractors who hired your business, and in the meantime you have […]
Insolvency & bankruptcy: Top reasons it happens and ways to prevent it
Starting a business is not for the faint of heart. A certain level of stress comes with carrying the responsibility of ensuring your company’s success. If things go wrong, it all falls back on you. That said, the freedom and sense of accomplishment of running your own business make the challenges well worth it. With […]
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 […]
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 […]
Budgeting and cash flow forecasting: key to your business success
The world of business can be unpredictable so finding a little certainty can make all the difference for business owners. While the future remains a mystery, tools such as budgeting and cash flow forecasting can significantly reduce the level of uncertainty, allowing you to learn from past events, anticipate challenges, and generally improve your ability […]
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 […]