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…
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 able to make objective factual decisions based on the numbers that you see in your business? Many business owners only look at their financial statements just once a year. They go straight to the bottom line to see whether they made a profit…
Are you looking to keep your finances on track and ensure the success of your business? Then you need to know about budgeting. Budgeting is simply a plan for how you want to allocate your money. It’s a roadmap for your business finances, and it’s…
Setting Financial Goals for Your Small Business The thing is, I often chat with small business owners who feel overwhelmed by the numbers in their business and aren’t too clear on how to set financial goals or even track their progress towards them. I hope…
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…
Are you able to make objective factual decisions based on the numbers that you see in your business? Most business owners have access to the numbers they need to understand their business. However, too few of them take the time, or even have the time,…
We are well into the year already and hopefully you have found and kept your focus on the things that will make the most positive impact in your business over the next few months. If not though, here’s a few tips that may help. Now,…
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…
Are you missing out on the opportunity to work ON your business? The challenge many small business owners face today is that they are so busy working in the day to day operations of their business that they fail to look up and see the…
