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 time to do our monthly taxes or budget. But, for most people numbers don’t seem interesting. And this is something I’ve seen...
What does having a successful business mean to you? That is a really important question to ask yourself when starting out. This quote below sums it up rather nicely. “If you don’t know where you are going, you’ll end up somewhere else.” - Yogi Berra And...
Are thinking of getting a loan? Did you know that there are mistakes in borrowing money? So the logical question is: Do you want to know how to avoid those pitfalls? Here are four simple steps to follow so that you can be on your way to avoiding those common mistakes...
You need to really get to grips with KPIs (key performance indicators) if you want your business to move forward. Introduction to key performance indicators To begin with, let’s define key performance indicators. They refer to the goals and measures that you...
Each business plan needs to be meticulously constructed in order to be effectively used in the future. This blog will discuss the final steps of a business plan and give you an overall idea of what needs to be done. The three groups that encompass these final...
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...
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...
Cash flow – the heartbeat of any business, big or small. It's cash that fuels your operations, pays the bills and keeps your business alive. But what happens when the cash tap runs dry? Panic stations and sleepless nights. All is not lost though because we're...
A successful business is one that is profitable and sustainable but profitability alone is no guarantee of success. There are many stories of seemingly successful and profitable companies going out of business, but what causes profitable businesses to fail? Your...
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...
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’re aiming for. However, what really lies behind a successful business story is the profit generated from these sales. In...
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...
Your business cash story is a big deal. It contributes to business continuity, survival, and growth. Profits are what it all comes down to ultimately, but cash plays its own part in this narrative. Cash is what we see appearing and disappearing from our bank...
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 the best way to do it is. This blog will teach you how to price your products based on different pricing strategies so that...
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 essential for any business. There are several important elements that make up your business story - some more important than...
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, growth, and prosperity. But let’s take a step-by-step approach and start with operational gearing first. Operational...
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 for how you will spend your money. It can help you save money and make better financial decisions. Where to start?...
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 have a vlog about what financial ratio analysis includes and how it’s used. In it, I talk about the four common areas...
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...
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 vital for you and your business. Secondly, I will tell you how you go about making profit. But before we go into that,...
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...
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...