We sometimes see businesses which are healthy, growing, reputable, and stable… but their cash resources are limited. And that’s an impediment to operations running smoothly and ensuring long-term success.
Read MoreTopics: Business Improvement, Business Planning, cashflow
In the face of inflation and increasing costs, proactive financial management is crucial for small businesses. Here are practical tips to navigate the impact on your bottom line:
Read MoreTopics: cashflow
In some ways, managing a business is not so difficult, at least from a financial perspective. By attracting more customers or selling more to existing customers, you grow revenue. You also try to ensure that revenue greatly exceeds expenses – in which case profits are high!
Simple, right? But what’s missing from this analysis?
Read MoreTopics: Business Improvement, Wealth creation, cashflow, profit, growth
Many businesses are facing increased costs. This is not necessarily a new business challenge… but the COVID-19 pandemic is driving significant and unpredictable “price spikes”. Let’s look at what business leaders should be thinking about in this environment.
Read MoreTopics: Business Planning, managing business risk covid-19, cashflow, businessresilience, business decision-making
Improving your cash position brings opportunities and reduces business risk. In the absence of equity and debt financing,alternative cash-flow management strategies can make a positive difference. These ideas will not apply to ALL businesses but perhaps there are some you can implement.
Read MoreTopics: Business Improvement, business continuity planning, managing business risk covid-19, cashflow