Contracting or freelancing requires you to wear a lot of hats. Relationship-building, keeping track of your time, marketing your skills and actually doing the work. But one of your priorities should also be establishing how you handle your money and setting the groundwork for good habits. Understand your deductions Before you start, it’s essential to […]
15
Jan
Jan
There are certain items of equipment, machinery and hardware that are essential to the operation of your business – whether it’s the delivery van you use to run your home-delivery food service, or the high-end digital printer to run your print business. But when a critical business asset is required, should you buy this item […]
11
Dec
Dec
Leading up to the holiday period, is your business cash flow in good health to carry you through? This time of year can be hard on small business. Make a plan early to ensure healthy cashflow over the holidays.
09
Oct
Oct
For your business to make money, you need to generate revenue. You produce revenue through your usual business activity, by making sales, getting your invoices paid, or taking cash from paying customers. So, the better you are at selling your products/services and bringing money into the business, the higher your revenue levels will be. But […]
03
Jul
Jul
For centuries, accounting was all about reviewing historic information – but that only told you about the past, not what was going to happen in the future. If you’re only looking back at past periods and historic numbers, this limits the insights you can achieve for your business. With a backward-looking ideology, it becomes difficult […]
09
Jan
Jan
Covid-19 highlighted the importance of managing your cash conversion cycle & reducing how long cash is tied up in the sales process. More money won’t solve your problems if you don’t manage your cash conversion cycle!
20
Jul
Jul
Be proactive in managing your cashflow! An annual Cashflow Forecast is essential for every business. Don’t just wait for the bank to request one; it should be prepared every year to aid your planning and decision-making #CashflowForecast
21
Jun
Jun
If current sales levels can’t support your overheads and other cash demands, your business isn’t viable in its current state. We can help you develop a plan to increase your sales & hold you accountable to doing so! #Cashflow
01
Jun
Jun
Are you in control of the spending in your business? Do you set budgets and monitor them monthly? We can help you trim the fat but not the muscle when it comes to reviewing your expenses. Get in touch to find out how! #Cashflow
18
May
May
Don’t let poor margins destroy your cashflow and working capital. Small changes can have a massive impact on your gross profit margin & put more cash in your bank account. We’ll show you the best strategies to do this #Cashflow