Maximising your cash reserves

Maximising your cash reserves

Jul 21, 2020 | Blog, COVID-19

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?

Jul 17, 2020 | Blog, COVID-19

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?

Jan 16, 2020 | Blog

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,...
Holiday cashflow for your small business

Holiday cashflow for your small business

Nov 12, 2019 | Blog

Whether you’re heading into a holiday period, or just planning to take a break (and congratulations, because a healthy business means work-life balance), it’s important to keep your cashflow under control. This means pre-planning and being proactive. When you’re not...
Collect your debtors faster

Collect your debtors faster

Nov 6, 2019 | Blog

Did you know that you still have to pay tax on your debtors, even if you haven’t yet collected them? This is because you pay tax on your sales figures, whether you’ve collected the cash or not. So, how do you collect your debtors faster? Agree your payment terms at...