Increasing your stock turn in a slow-moving economy

Increasing your stock turn in a slow-moving economy

If you sell stock or inventory, it’s essential you understand stock turn and how to increase it. Obsolete, or ‘dead’ stock will harm your cashflow and your ability to increase profit, particularly in a slower-moving economy. The longer stock takes to sell, the longer...
Reducing your lock up days to free up cash

Reducing your lock up days to free up cash

It’s vital for businesses to free up as much cash as possible, particularly in these tough economic times. Your ‘lock up days’ is the number of days it takes to convert your debtors, stock and work in progress into cash. A high number of lock up days means your...
Improve debtor days to help cashflow recovery

Improve debtor days to help cashflow recovery

In a slower moving economy, it’s more important than ever to stay on top of your debt collection. Establishing how long it takes you to get paid is the first step, but how can you measure this? Debtor days measures, on average, how long your customers take to pay you....
Reinventing your product and service offering

Reinventing your product and service offering

During times of crisis, we’re forced to reinvent the way we work and what we work on to remain sustainable. From technology adoption to product innovation and blowing up stale processes, a crisis forces us to start with a fresh page and plan for a better, more...
Efficiency through automation

Efficiency through automation

Lockdown forced us to rethink the way we operate our business. The barrier of procrastination has been removed and we’ve had to adopt new technology and automate our processes. Technology exists to increase efficiency, but it can be a double-edged sword. When you...
Managing risk

Managing risk

A crisis really tests a business’s risk management processes, shining a spotlight on gaps and new risks to be managed. At this point in 2020 it’s time for a thorough review to identify areas for improvement to minimise the risk for business owners, as well as...