business survival Archives | Numbers Knowhow https://numbersknowhow.co.uk/tag/business-survival/ Cash flow and financial planning made easy Fri, 29 Aug 2025 15:41:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://numbersknowhow.co.uk/wp-content/uploads/2022/02/cropped-Favicon-Cog.png business survival Archives | Numbers Knowhow https://numbersknowhow.co.uk/tag/business-survival/ 32 32 Business Resilience & Information https://numbersknowhow.co.uk/business-resilience-information/ Mon, 17 Apr 2023 07:56:11 +0000 https://numbersknowhow.co.uk/?p=11604   Organisations that thrive and do well have the element of business resilience. Resilient companies are those that will be most likely to push through challenging or uncertain times. What is business resilience? Business resilience is what makes a company adapt to disruptions while at the same time being able to run its day-to-day ops. What we need to point out about business resilience is that it all begins with knowing which business processes have to be maintained so as to overcome the disruptions that come along.  The most important elements of a business resilience plan of action are: Preparedness (identifying the potential risks) Mitigation (managing the risks) Recovery  Why information is crucial for business resilience Above all, business resilience is about having and acting upon key information. When you’ve got information overload flying all over the place, it can get very convoluted and confusing. So, get access to key facts in the areas of the business that you’re concerned with. Get that information in real time. For example, in the world of business transactions, you need financial data. A lot of businesses, even those of a reasonably large size, will still be using outdated annual accounts processes and information […]

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]]> Undercapitalization In Business https://numbersknowhow.co.uk/how-to-avoid-undercapitalization/ Tue, 11 Apr 2023 10:35:48 +0000 https://numbersknowhow.co.uk/?p=11571   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, let’s take a more step-by-step approach and explain everything so it’s easy to understand. In this blog (and vlog), you will find out the following: Undercapitalization To put it simply, it’s when a company runs out of money. The term describes a state in which a company does not have enough capital to perform its day-to-day business operations. In other words, it is a shortage of funds for the business which, in turn, cannot afford to cover what it spends. What’s more, it may also lead to the company being unable to pay its creditors. If you’re keen on watching videos, then click on it to learn something useful which could save your company from making some common mistakes and risk undercapitalization. If not, then scroll down and continue reading the blog. Why does undercapitalization happen? The reason why so many small businesses fail due to this issue is because they have a false sense of security in their own abilities. They think that because they are a good worker or a good […]

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