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. It’s a fine line between doing what you love creatively and balancing the books. It can be done – but you’ll need to...
Cash flow articles
Navigating Cash Flow Challenges In The Arts: A Step-by-Step Guide
Arts and creative organisations may be at higher risk of running into cash flow challenges than other businesses. It’s common in the creative industry to be at the mercy of unpredictable and volatile income streams. Many creative businesses work on a project...
Social Enterprise Management For Success
Social enterprise management is no different than managing any other for-profit business - at least in some ways. However, managing a social enterprise has additional challenges that aren’t found in traditional companies. Here are just five aspects to consider....
Achieving Success In Your Business
Feeling like you're not achieving success in your business? You're not alone. You’d be surprised to hear that many people feel this way at some point in their lives. But don't worry, I can help. Once you've learned what success actually is, you can start to...
Performance Management System: 5 Tips
Do you need a system that will track the performance of your employees in a consistent and measurable way? Then you need a performance management system for your business! Wondering how to create one? You're in the right place! In this video, I'll be talking to...
Knowing Your Costs – The Key To Any Business
Running a business means setting clear goals that you would like to achieve as a business owner. Whether that is to provide services or manufacture products, you must have a defined target and strive to reach it. Certainly, one of your goals should be making...
Manage Cashflow: Five Top Tips
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 manage your cashflow and you will be equipped with the necessary information to help you do a really good job at it. Cash and...
What Is Turnover In Business?
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 certainly doesn’t help that there are different terms for it. As a result, you’re left wondering what they mean when they use...
Financial Statements Explained
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. Why do you need to know about financial statements? Because the financial statements form the bedrock of any...
The Difference Between Budget & Budgeting – A Beginner’s Guide
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 to clarify what a budget is. What is a budget? It's really a plan for spending the money you have or the money you expect to have...
Business Numbers – Friend Or Foe?
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, dislike them, or is it somewhere in between? That is what we are going to cover in this blog. If you think that money is...
Cash Flow Mastery For Business Growth
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 night and worried all day. Most of us have been broke at some point in our lives. Most people will have had to adopt...
Decision Making Under Uncertainty
Decision making when things are calm is not the same as decision making under uncertainty. Because when it’s business as usual, you pretty much just follow the strategy laid out in your business plan, and take action that you’ve planned out beforehand. But...
Cashflow Forecast Guide
Building your cashflow forecast might seem unnecessary to some - at a first glance, that is. That's why, this cashflow forecast guide aims to explain why you need one and how to build it. Because, you might be thinking, "I don't need one of those. I'm not going...
Cashflow Forecast DIY (with Microsoft Excel)
A DIY cashflow forecast in Microsoft Excel. Sound interesting? Then read on: Perhaps not because you aren’t as comfortable dealing with numbers. But, this blog (and vlog) is here to show you that it isn’t scary at all. Especially when someone guides you every...
How To Make Financial Projections
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 financial projections. A financial projection - meaning A financial projection is a forecast of the revenue and expenses...
Why Cash Is Important For Business
In previous blogs (and vlogs), I've looked at turnover and profitability, but this time cash is in the spotlight. So, why cash is important for your business is the topic of this post. I will be answering the following questions: What is cash? Why is cash the key...
Business Taxes in Financial Planning
Handling business taxes in financial planning is a daunting task for many small businesses. It’s easy to get overwhelmed when it comes to taxes. However understanding the basics helps you make the best decisions for your business. Let’s take a look at some...
Cash Flow Management Benefits
Running a business is a multi-layered venture. It involves exciting things like creating your services/products, offers, social media content, etc. But it also includes looking after the finances - managing your cash flow. Once that is covered you can enjoy the...
Cash Flow & Financial Planning
There are many facets of cash flow and financial planning. For instance, cash flow for small business may be very different from personal financial planning versus financial planning for retirement or financial planning for family. Writing and using your...
Benefits Of Cash Flow Management
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 without sufficient levels of money flowing in vs. money flowing out, you will not be able to expand your business, let...
Why Is Cash Flow Planning For Business Important?
Cash flow forecasts or cash flow planning for startup businesses, for example, has to do with estimating or forecasting your likely future sales and expenses. But why is cash flow for business important? Well, cash flow planning, no matter what kind of business you’re...
The Benefits Of Cash Flow Forecasting
There are many different financial decisions that have to be made when running a business. However, managing cash flow is an important part of running a successful business. This is why you should make sure you recognise the importance of cash flow...
The Advantages Of A Cash Flow Forecast
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 that you start to lose a grip on what matters. However, many people struggle to keep control of everything when running...
Cash Flow Forecast Templates Add Value
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, prepare to fail”? This is also true when it comes to business. It’s common to worry about your finances as a business...
How To Understand Your Cash Flow
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 route to success. It might well be, but one part of a business is cash flow and you cannot ignore it! Cash in, cash out,...