If your business is short of cash, the money you need might already be there locked up in stock, assets or your debtors’ book. Take a close look at these three areas to free up funds from within your business. 1. Sell, manage or convert assets to cash Your assets include debtors, stock, pre-paid expenses,… Read More
If you’re new to business, it can be common to lose track of your profits then arrive at the end of the financial year with nothing left to pay your taxes. Searching for your missing revenue There are a few reasons why you’ve done well this year but have nothing to show for it. Your… Read More
Every business will have a particular way of tracking and measuring how their business is performing. If you can identify when key indicators deteriorate to a level that causes concern, you can take early action. Find out your cash flow warning triggers. Setting the scene; demand triggers The easiest cash flow warning trigger tends to… Read More
Take control of your marketing and create a plan. Use this template to quickly map your strategy for your marketing activities. Download… Read More
Create a simple business plan online in just a few minutes.… Read More
If you’ve been reviewing your business’s financial position and are looking for ways to improve your cash flow, one option is to see if you can lower your expenses without impacting on service, delivery or quality. Track what is happening Record your actual costs and compare them with the amount allocated in your budget. Where… Read More
If you’re failing to meet your cash commitments each month and eating away into your capital reserves, then it’s time to make some serious decisions in your business. A business can survive for a short time without low sales or profits, but not without a positive cash balance. It’s cash which pays the bills and… Read More
This template will help predict your cash highs and lows for a twelve-month period. Download… Read More
A marketing plan is essential for any growing business. Download… Read More
If you’re serious about getting the best value you can for your marketing budget, you’ll need to develop a marketing plan. Below we outline eight simple steps for making your marketing efforts more effective. 1. Know your customers Firstly, you need to identify your target market. You probably have an idea of who buys from… Read More