Why Is Customer Lifetime Value Important? As a business owner, you need to cater to your customers. Having satisfied and loyal customers is extremely vital to the growth of all businesses since, at the end of the day, the gains, and the profit one makes are due to the...
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...
Have you ever thought about product grouping? Or has it been something you’ve put on the shelf and it’s been collecting dust? How does it get you a greater financial understanding of your business? How product grouping can help Above all by looking at your...
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...
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...
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...
Are you a business owner who is looking to write a financial plan for your company? If so, you're in luck! In this blog, I will be teaching you how to write a business financial plan that is both accurate and achievable. So, whether you're just starting out or...
Creating and following a financial plan (your financial story) is an important step to taking control of your finances. If you're like most business owners, you know that it's important to have a financial plan in place. But do you know how to effectively use...
Managing your business risk is something you need to know no matter what kind of business you run. Naturally, there will always be some inherent risk involved when running your business. There's no way to completely eliminate the risk. But by understanding and...
Financial accountability is defined as being responsible for the way you use and manage your money. So, are you financially accountable? Or, maybe you’re finding it difficult? You’re not sure where to start, or you feel like you're constantly falling behind....
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...
Why on earth should you be bothered about Financial Story Planning ? Launching a small business can be a very exhilarating experience, although it can also be quite overwhelming at the same time. So, with all your goals clearly drawn out, it’s also important...
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...
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...
A lack of forwarding thinking, having no Finance Forecasting is a problem for businesses. It’s much like turning off the light and trying to find your way around an unfamiliar place in the dark. There is very little in the way of direction. While financial...