CaFE Blog
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Why you need to reconcile your bank account
If there is one thing you need to be able to do to work out exactly where you stand with your finances, it is reconcile your bank account. There are lots of complicated definitions of reconciliation (and if you are an accountant, they all have their place), but for most of us it simply means […]
How to hold on to cash in your business – and still keep your suppliers happy
A lot of cash flow management gets focused on your customers. How you can sell more, get paid more quickly and avoid costly bad debts. On the other side of the coin, the more cash you can retain in your business through the terms you agree with your suppliers, and the longer you can keep […]
It’s OK for entrepreneurs to not be OK too
I was particularly taken by a blog post that I came across recently on the Mente website. Titled Entrepreneurs, business owners and poor mental health, the post resonated with me on a number of levels, so much so that I feel compelled to share it and add a personal perspective. If you’ve not come across […]
Tips for achieving a better Work-Life Balance
I’ve touched on work-life balance in a few of my blogs, normally in the context of making the management of cash flow easier. The topic is, of course, far bigger than that. Finding the perfect work-life balance is one of the most difficult areas for business owners to focus on. There are too many other […]
Where does all the cash go in your business?
Cash is a funny thing in business, it seems to be there one minute and gone the next! But where does it all go and what can you do to manage it better? There are three ways of generating and spending cash and all of them need to be understood and looked after really well. […]
Reconciling business credit cards
So, you think you’ve got everything fully reconciled and you know within a few £’s what your cash position is going to be over the next few days: all of your suppliers’ invoices are entered into your cloud accounting system, along with the invoices you’ve issued to your customers, your employees are entering their expenses […]
How to make running a small business more damn fun
I was intrigued by a recent survey by Yorkshire Bank into the state of mind of business owners up and down the UK. According to the research, only 58% of small business owners classify themselves as happy in their day-to-day working lives and 85% are stressed to some level at work. The ‘always on’ culture […]
Paying the bills on time
In all the conversations that I have with small business owners about running their businesses, one thing stands out above the rest as the thing that keeps them awake most at night – the ability to pay their bills, salaries and taxes on time. Paying the bills seems to trump winning more business, collecting money […]
Late Payment Bill to go before Parliament this week
Watch this space tomorrow (15 Jan). Labour MP and strong advocate of the late payment campaign, Debbie Abrahams, has secured time in parliament for legislation guaranteeing prompt payment to small businesses. Using a technique called “a ten minute rule bill”, if successful, the Public Sector Supply Chains (Project Bank Accounts) Bill will require all payments on […]
How much cash should I have in my business?
We’ve all heard the phrase that cash is king (and queen!), when it comes to running a business. Undoubtedly, the most common reason that businesses fail is that they run out of cash at some point. So how much cash should you have access to at any point in time? The answers that follow have […]
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