Any business that strives towards success should be making money, or in business terminology, generating profit. One of the main reasons that businesses go under is because of the confusion between two seemingly similar, but in reality quite different aspects....
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...
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...
Business objectives are the specific goals that a company sets for itself in order to achieve success. Your business plan is nothing without your business objectives and goals. They are the driving force behind a company's decision-making process, and they help...
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...
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...
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...
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...
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...