If you are a small business owner looking to stay on top of your finances and ensure the success of your business, then you need to know about cash flow. In a nutshell, cash flow is the amount of money coming in and going out…
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…
Are you looking to get a better understanding of your business’s financial health? Then you need to know about the balance sheet. A balance sheet is a financial document that gives you a quick snapshot of your business’s assets, liabilities, and equity at a specific…
So, you’re a small business owner and you want to know what a profit and loss statement is and why it matters. Well, here’s a simple explanation that might help. A profit and loss statement, also known as an income statement, is a financial document…
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,…
As a small business owner myself, I know how important it is to stay informed about financial changes that can impact your business. With the recent announcement of the Bank of England’s 10th successive interest rate increase, it’s worth exploring what this could mean for…
Top strategies for a robust cash flow In our previous blog, Instantly Improve your Cash Flow despite Record Inflation, we discussed cash flow budgeting and how owners of small and medium-sized businesses could rapidly improve their cash flow just by making a few simple changes in…
