Why Is Customer Lifetime Value Important? As a business owner, you need to cater to your customers. Having satisfied and loyal customers is extremely ...

  Among the many factors that contribute to successful management are customer lifetime value (CLV) and segmenting your customers. CLV is a measu...

  Numbers are everywhere, and for the most part, we just ignore them. That is unless we’re forced to pay attention to them when it comes ti...

  What does having a successful business mean to you?  That is a really important question to ask yourself when starting out.  This quote below...

  Teamwork in business is crucial for success. When individuals come together to work towards a common goal, magic happens. It’s because they b...

  Have you ever thought about product grouping? Or has it been something you’ve put on the shelf and it’s been collecting dust? How does it g...

It can be challenging to build a sustainable creative business. Every year, I see more and more businesses in the Arts struggling to remain profitable...

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  You need to really get to grips with KPIs (key performance indicators) if you want your business to move forward.  Introduction to key perform...

  Any business that strives towards success should be making money, or in business terminology, generating profit. One of the main reasons that b...

  Each business plan needs to be meticulously constructed in order to be effectively used in the future. This blog will discuss the final steps o...

A GUIDE FOR THE SOCIAL ENTERPRISE SECTOR Social Enterprise UK estimates that there are over 100,000 social enterprises in the UK (Sept 2023). Social e...

  Arts and creative organisations may be at higher risk of running into cash flow challenges than other businesses. It’s common in the creative...

  Social enterprises do amazing things. They matter because they offer underrepresented groups employment opportunities. They also reduce economi...

  Social enterprise management is no different than managing any other for-profit business – at least in some ways. However, managing a soc...

  So, you’ve decided to bring your accounting into the 21st century and you’ve picked one of the market leaders, Xero. As a result moving you...

  Look, I get it. You’re used to chucking your business receipts into a carrier bag or shoe box and dumping them on your accountant’s desk in...

Are you looking to grow your business? If so, then it’s important that you don’t overtrade.  Overtrading is a very common problem for bus...

  Wondering how to price your products or services so you can make a profit? It’s not as simple as it seems because it involves several things ...

  Feeling like you’re not achieving success in your business? You’re not alone. You’d be surprised to hear that many people feel th...

  Do you need a system that will track the performance of your employees in a consistent and measurable way? Then you need a performance manageme...

  SMART KPIs may be a new concept for you. However, you’ve probably heard of SMART targets or objectives which are often used for employee perf...

  Running a business means setting clear goals that you would like to achieve as a business owner. Whether that is to provide services or manufac...

  Cash flow – the heartbeat of any business, big or small. It’s cash that fuels your operations, pays the bills and keeps your business a...

A successful business is one that is profitable and sustainable but profitability alone is no guarantee of success. There are many stories of seemingl...

  Wondering how to manage your cashflow? You’ve come to the right place. By the end of this blog, you’ll have read about top tips to mana...

What is turnover in business? We’re here to answer that question for you. If you’ve been looking to get a grasp of what turnover is, then it certa...

  Do you want to reduce your costs by 25% to 30%? If so, then target costing is the right choice for you. Therefore pricing using target costing...

  Financial statements explained is the topic of this blog (and vlog). And it will serve as a guide to you so that you can better understand them...

  Making your business partnership work can be daunting if you have never had a partnership. If you intend to start a partnership with a friend o...

  Achieving business success is every business owner’s goal (and dream). But how to get there is another story.  You’ll find lots of adv...

  Making as many sales as possible is the goal of every business. Whichever service you offer to your customers, that is going to be what you’r...

  We’re all on a budget, and I bet we’ve all done budgeting in one way or another. But, before we go into comparing the two, we need ...

  Do you see your business numbers as a friend or foe? If you are in business, what is your attitude towards your numbers? Do you like them, disl...

  There is no magic bullet to make your business successful. However, if you treat it as a hobby, then you’re bound to fail. That’s why y...

  Cash flow or fail! Because money talks. And it is especially talkative when you don’t have any, nagging money worries that keep people up all...

  Your business cash story is a big deal. It contributes to business continuity, survival, and growth. Profits are what it all comes down to ulti...

  Business is all about making a profit, isn’t it? But in accounting, there are several terms used to express different kinds of profit. Ultima...

  Why leadership is key to your business resilience is the topic of this blog. Business resilience is what you need when running your business. T...

  Business objectives are the specific goals that a company sets for itself in order to achieve success. Your business plan is nothing without yo...

  Planning is an essential process for any business, regardless of its size or industry. It involves setting objectives, developing strategies, a...

  Organisations that thrive and do well have the element of business resilience. Resilient companies are those that will be most likely to push t...

  Are you sure that you’ve priced your products well? Or maybe you’re at the beginning of your business journey and you’re wondering what t...

What is profit? We can define profit as “a financial gain, the difference between the amount earned and the amount spent”.  Making a profit is es...

  Knowing your gross profit is one of the most important steps to understanding the health of your business. Gross profit is the amount of money ...

  The topic of this blog is how operational gearing affects your business. In a nutshell, it shows much risk you have and affects your survival, ...

  Decision making when things are calm is not the same as decision making under uncertainty. Because when it’s business as usual, you pretty mu...

  To understand break even, you first need to know the components involved with business activity. But how do you find out what your business req...

  Building your cashflow forecast might seem unnecessary to some – at a first glance, that is. That’s why, this cashflow forecast gui...

  A DIY cashflow forecast in Microsoft Excel. Sound interesting? Then read on: Perhaps not because you aren’t as comfortable dealing with numbe...

  How to avoid undercapitalization and what it is, is the topic of this video and blog. It’s when the company hits a financial brick wall. But,...

  Resource analysis for your business is what will help you with your business growth and success. Is the current set of supplies helping or hurt...

  Setting the right business targets can seem daunting, but it need not be. We will help you to choose the right targets for your business, and p...

  How to budget your money is vital. Especially when times are challenging, but also when times are good.  What is a budget? A budget is a plan ...

  Are you a business owner who is looking to write a financial plan for your company? If so, you’re in luck! In this blog, I will be teachi...

  Creating and following a financial plan (your financial story) is an important step to taking control of your finances. If you’re like mo...

  Managing your business risk is something you need to know no matter what kind of business you run. Naturally, there will always be some inheren...

  Have you ever put off doing something, and then ended up racing to finish the task last-minute? If this sounds familiar the read on: It might b...

  Are you looking to be successful in your business but don’t know where to start?  Most people think that in order to be successful in bu...

  Financial accountability is defined as being responsible for the way you use and manage your money.  So, are you financially accountable? Or, ...

  How do you assess financial performance? It’s not that straightforward, isn’t it?  Knowing how to judge your financial performance can be ...

  Financial ratio analysis and how to use it is featured in your Numbers Toolkit. Business owners, analysts, as well as investors all use it. I h...

  Do you want to find out how to make financial projections and how to do it realistically? Here’s an easy-to-understand guide about making fin...

  Are you thinking about the best ways to grow your business? Wondering if you’re doing all the right things to enable growth? Then, read on fo...

  Making profit must be at the top of your business goals – ignore that at your peril. Firstly, I am going to tell you why making profit is...

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  Profit should be one of your main business goals. Profit is used to build sustainability, monitor, manage, and measure your performance. But wh...

  Handling business taxes in financial planning is a daunting task for many small businesses.  It’s easy to get overwhelmed when it comes to t...

  Financial planning is one of the key components should you want to have a chance in the race to the top. All business owners simply must sit do...

  Understanding operational gearing: Operational gearing is a term used to explain an important relationship between the two different types of c...

  Running a business is a multi-layered venture. It involves exciting things like creating your services/products, offers, social media content, ...

  Do you ever feel like you’re stuck in a Groundhog Day-style loop of procrastination when it comes to your finances? You know you need to ...

  Break even in business is more than just a number. If you’re like most business owners, you’re always looking for ways to cut costs...

  Why on earth should you be bothered about Financial Story Planning ?  Launching a small business can be a very exhilarating experience, althou...

  There are many facets of cash flow and financial planning. For instance, cash flow for small business may be very different from personal finan...

Cash is the lifeblood of your business, whatever stage you are at in your businesses. After all, cash is how your business services are sustained and ...

Cash flow forecasts or cash flow planning for startup businesses, for example, has to do with estimating or forecasting your likely future sales and e...

  A good budget planner for small business is a must for businesses that want to stay ahead of the competitive curve by keeping on top of their f...

  There are many different financial decisions that have to be made when running a  business. However, managing cash flow is an important part o...

  Speak to any business owner and they will tell you that long-term success is their goal. In order to get there, it takes preparation and planni...

  There’s no denying that running a business requires you to keep your finger on the pulse. Take your eye off the ball and you’ll soon find t...

  A lack of forwarding thinking, having no Finance Forecasting is a problem for businesses. It’s much like turning off the light and trying to ...

  We have all heard of the saying that cash is king and when it comes to business, it really is. What about the saying “if you fail to prepare,...

  When you chose to start a business get to grips with How to Understand your Cash Flow.  You might have thought that your idea was a direct rou...