Managing Your Cashflow as a SME: A Comprehensive Guide
Cashflow management is the lifeblood of all our businesses: it’s the fine art of balancing income and expenses to ensure we have enough liquidity to meet our obligations while planning for growth and investment. Effective cashflow management can mean the difference between success and failure, especially in the volatile early stages of a business. Here’s […]
Spring Clean Your Finances: A Must-Do for SMEs
As spring begins to appear, I’m reminded that it’s not just our homes and gardens that deserve a seasonal refresh. For businesses large and small, the arrival of spring is the perfect cue to undertake a thorough financial clean-up. Streamlining and organising our business finances can increase efficiency, improve financial health, and clear a path […]
Your cash flow is chaotic – embrace it!
The world is chaotic, life is chaotic and business is definitely chaotic! Seemingly random and uncontrollable events can lead to unpredictable outcomes. In cash flow terms, this can influence available cash in unexpected and sometimes uncomfortable ways. Nothing that I can write here can make the unpredictability go away. I can, however, suggest that by […]
Help! Why do we always blow the budget?
Overspending, if left unchecked, can quickly become a significant issue for your business, so it’s really important to understand why it happens, how to identify it, and what steps you can take to address it. Hopefully, this article will help. Why Businesses Overspend Lack of Budget Discipline: One of the primary reasons businesses overspend is […]
Building Business Resilience
Challenging economic times, like those we’re in at the moment, can really put your business to the test. It goes without saying that a resilient business, with robust processes, will survive longer than one that’s fragile and vulnerable. Here are some steps you can take to make your business stronger. •Identify your risks. What […]
How to Save Money on Your Business Bills
As a small or medium-sized business owner, you know that every penny counts. That’s why finding ways to save money on your bills is important. Here are a few tips to help you get started: Review your current bills. The first step to saving money on your bills is to examine what you’re currently paying […]
Time to revisit the forecasts
There’s a lot going on, isn’t there? Rising interest rates, high inflation and Brexit related trade-barriers on the one hand, but full employment, the stock market reaching record highs, and signs that inflation could be coming under control on the other. Who’d try and run a business through all this? Oh, you would (and so […]
Managing cashflow in a small business
Managing cashflow is a vital part of running any small business – it’s why we exist! Without proper cashflow management, your business can struggle to pay its bills, meet payroll, and invest in growth. As we enter the New Year with a promise of more economic turbulence ahead, we thought it timely to bring together […]
We should all share more, not just at Christmas
I was interested to read the results of a survey by software company Codat in The Times, which found that nine in ten small companies would share their trading performance with their lenders if it resulted in lower borrowing costs and more clarity on terms. This tells me there has been a shift in attitudes. When […]
The return of the overdraft
While fewer businesses are borrowing money now that the worse of the pandemic is over, the 38% that still do are making more use of overdrafts. Delays with supply chains, increasing input costs and rising interest rates are all putting a strain on working capital. Overdrafts became hard to come by for small businesses in […]
Follow us