Jan 9, 2023 | Blog, Cashflow
The impact of Covid-19 has shown us that even profitable businesses can go broke if they run out of cash. Understanding and managing your cash conversion cycle frees up your cash and helps you build a cash war chest to get you through tougher times. Your cash...
Jul 20, 2022 | Blog, Cashflow
Cash is the lifeblood of any business; even profitable businesses can fail because of poor cashflow. If you only ever prepare a Cashflow Forecast because the bank has requested one, it’s time to reframe your thinking. Every business should undertake an annual Cashflow...
Jun 21, 2021 | Blog, Cashflow
It might sound obvious, but it isn’t to many business owners. If current sales levels don’t support overheads and other cash demands on the business, then your overdraft will just keep increasing. This means that your business in its current state is not viable...
Jun 1, 2021 | Blog, Cashflow
This isn’t typically a place where you’ll find a lot of wastage. Our experience is that business owners are very careful about managing their expenses, and the smaller the business is, the truer that statement is. Having said that, as a business grows, so do the...
May 18, 2021 | Blog, Cashflow
Your gross profit margin is what is left from your total sales after variable costs are deducted. For example, if you’re a retailer and your sales in a given period are $1,000,000 and the cost of the goods you sell in that period is $650,000, your gross profit...
Apr 28, 2021 | Blog, Cashflow
Often a reduction in interest charges as well as significant cashflow improvements can be achieved with a regular review of existing debt. A good place to start is to list all bank loans, mortgages, finance company loans, hire purchases, credit card debts, and any...
