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...
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...
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...
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...
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...
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?...
How do you assess financial performance? It’s not that straightforward, isn’t it? Knowing how to judge your financial performance can be tricky. It’s because many factors come into play. Plus, it's not always easy to know where you stand. You can get a good...
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 for our three tips for business growth. More specifically, we are going to look at MCP. MCP is not some new medication or...
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 planning which is where financial planning for small business is vital. It enables you to deal with investors, plan for...
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,...