Cash is king in business and good cash flow management is essential for the success of your startup. Think of cash flow as blood flow and you’ll understand just how vital it is to the health of your business; without it, you’ll die. That sounds bleak, but it really is important to manage your cash flow well from the very beginning and protect your business against any problems along the way.
Are you having a hard time making ends meet? Are you constantly worried about your cash flow? If so, you're not alone.
A lot of small business owners are struggling with cash flow issues, and it often comes down to bad billing procedures. In fact, you would be surprised at just how much difference a few simple billing and invoices changes can make to your financial health.
Healthy cash flow and an ample reserve is the backbone of any business. It provides stability and security, as well as maximum opportunity for growth. Perhaps even more importantly, good cash flow management ensures peace-of-mind so you don't have those late night worries about not being able to pay your employees tomorrow morning.
It’s always a shock to see a seemingly successful company go under, but this doesn’t just happen out of the blue. There are always warning signs, and the survival of your business relies on you being able to recognise them. The sooner you can spot financial trouble, the sooner you can start working on a solution.
You want to embrace the future and take your business online, but you have no idea where to start - there are thousands of options out there, so how do you know which ones to choose?
We firmly believe the future is in the cloud and we have made it part of our mission to introduce people to the true wonders of the digital age. If you are new to the cloud, here are twelve reasons why we think going digital is the way forward.
“A business owner should be working on their business instead of in it.” It’s one of those phrases that gets thrown around by coaches and gurus and business magazines. But what does it actually mean? And is it true? And how do you do it?
We have dealt with the difference between your income statement and your bank statement in a previous blogpost, so in this one we will deal with why there is a difference between financial profit and taxable profit.
Small business owners are innovative, hardworking and brave. They launch businesses and despite the odds, many of them succeed. However, a rather scary percentage fail. After almost twenty years of looking after small business accounts, we have identified five mistakes common to most small business owners...
While not all small business owners fully understand the Income Statement and Balance Sheet, most recognise them and have a broad idea of what they are and how to use them. However, the Cash Flow Statement is probably the financial report most responsible for confusion, blank looks and mild panic in small business owners. This is a shame, because it’s actually an extremely handy report that can give you some very valuable insight into the health of your business.
