What does a better business look like to you? Before you can start building a better business, you need to define success. Be crystal clear on exactly what you want from your business. Remember, your business is there to serve you, not the other way around. Life is...
You’re in business, congratulations, that takes courage and commitment. It’s not easy, and at times you might find yourself questioning why you’re even doing it, but you’re here because you had a vision. You decided being in business was a better way to achieve that...
Getting back into work after a break can be hard. You might be struggling to get back into your routine and engage your brain in work. Or, perhaps you spent time setting your goals and planning your year and you’re full speed raring to go. There is, however, an...
Running your own business takes up most of your time, as an owner – and finding a window in your diary to take a break can be tricky. But having a proper holiday away from the stresses and worries of the business can be incredibly beneficial – helping you to come back...
If you sell stock or inventory, it’s essential you understand stock turn and how to increase it. Slow-moving, obsolete, or ‘dead’ stock will seriously reduce both your cashflow and your ability to increase your profit. The longer stock takes to sell, the longer you...
Your lock up days is the number of days it takes to convert your debtors, stock and work in progress into cash. The higher your lock up days, the more cash is needed in the business (either from you or the bank), and the higher the risk of losing that cash. Worse,...
