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...
Apr 19, 2021 | Blog, Cashflow
Carrying stock for too long means full shelves but an empty bank account. Similarly, if you’re a service provider and are taking forever to bill for your services, consider that work in progress as a form of virtual stock. You can calculate your ‘stock turn’ by taking...
