Staying on track with your personal budget

Staying on track with your personal budget

You’ve taken the first step and developed your personal budget for the year. However, don’t set and forget and then expect to achieve your personal finance goals! If you don’t monitor your progress, your spending habits are unlikely to change. So, what steps can you...
Understanding working capital to maintain business success

Understanding working capital to maintain business success

If cashflow is the lifeblood of your business, then working capital is the health check you should regularly undertake to keep your business alive. Regularly checking working capital will play an essential part in maintaining business success during these times of...
Maximising your cash reserves

Maximising your cash reserves

The Covid-19 crisis has highlighted the inadequacy of current cash reserves for many businesses. They simply don’t have enough cash to sustain the business in a crisis. Now is the time to make permanent change to your business processes and cost structure so you can...
What do you want from your business?

What do you want from your business?

When you started your business, you probably dreamed about flexible hours and highly profitable, stimulating work. Ideally, you would’ve adopted best practice and documented those dreams in a one-page Business Plan. The plan would specify how much cash you need from...
Critical numbers – What is working capital?

Critical numbers – What is working capital?

If cashflow is the lifeblood of your business, then working capital is the health check you should have regularly to keep your business alive. Working capital measures the surplus (or deficit) you have to keep your business afloat without needing to sell assets,...