Are the margins in your business doing what they should? Margins play a critical role in the financial health and overall success of a business. The healthier your margins, the stronger your financial stability. Higher margins mean more revenue retained from each sale, which translates…
Navigating Business Trends in 2024: A Guide for Small Businesses As 2024 progresses, the landscape for small businesses is laden with both formidable challenges and unprecedented opportunities. This article by Salesforce references a survey conducted by Slack that sheds light on the concerns of small business owners, with a…
The Power of Negotiation: Managing Supplier Contracts to Improve Cash Flow In an economy where unpredictability seems to be the only constant, small businesses find themselves in an ongoing battle to maintain stability and growth. Central to their survival and success is the effective management…
Building financial resilience in a tough economy While the Bank of England may have recently held interest rates steady after 14 consecutive increases, they are still the highest they have been in 15 years, and the negative impact of the cost-of-living crisis continues. It’s safe…
Do you know when do you start to make money in your business? Your breakeven point is the point where the cost of producing a product or service equals the revenue generated by the sales of that product or service. In a nutshell, it tells…
Making sense of the numbers in your business Understanding the numbers in your business can be challenging for most business owners (unless they are accountants, of course!). But you don’t have be overwhelmed by it all, all you need is to understand a few of…
Managing the cash flow gap Just as a cash flow budget offers insight into the money coming into and out of your business on a weekly or monthly basis, it can also predict your business’s cash flow gaps, those times when there is not enough…
Are you a business owner who’s considering getting a coach… but are worried about the cost? Discover how investing in a coaching program can unlock your business’s true potential. At Bury St Edmunds ActionCOACH, we understand the importance of carefully considering the financial aspect and…
Why Every Small Business Should Focus on Creating Value As a small business owner, your ultimate goal is to create a profitable and sustainable business that will provide long-term financial security for you and your employees. While you may not be thinking about selling your…
Never have enough marketing budget? Marketing takes money. So it’s important to make sure you max your marketing budget. Which for many small business owners just never seems enough. Here are some hints for making the most of your marketing budget: ● Test and measure…
Four key areas to look at for improved cash flow As the cost implications of record inflation start to hit, how can business owners improve their cash flow to ensure the business remains financially viable and able to support them? The U.K.’s consumer prices index…
“Oh, what a tangled web we weave, when first we practice to deceive!”- Sir Walter Scott, 1808 In this famous line from Scott’s epic poem, Marmion: A Tale of Flodden Field, Scott is alluding to how, when we speak dishonestly or try to obfuscate a…
