Mastering Key Performance Indicators (KPIs) for Effective Money Management in Business In financial management matters, Key Performance Indicators (KPIs) serve as the language of business. These metrics provide crucial insights into the significant numbers in your business and support effective decision-making and money management, so…
The 4 Key Areas of Focus in a Small Business: Team, Time, Money, and Exit Strategy With small business management, knowing where to focus your efforts is key to achieving lasting growth and success. Typically, four crucial areas demand your attention: time management, team building,…
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…
Keep your financials solid Solid financial management helps create substantial value for your business by attracting investors, supporting growth, enabling strategic decision-making, ensuring compliance, and enhancing overall efficiency and stability. Here are some benefits of keeping your financials solid: Investor and Stakeholder Confidence: Clear financial…
Unlocking Business Potential As a small business owner, you know that your company is more than just a venture; it’s a labour of love, dedication, and countless hours of hard work. Whether you’re considering a future sale or seeking to attract investors to fuel expansion,…
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…
Work SMARTER not HARDER I am often asked by business owners whether business coaching won’t just create more work for them. My answer? Yes! In the short term, but longer term it helps them work more efficiently and free up time to focus on what…
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…
