Current asset

10 minute Guide to understanding a Balance Sheet – Follow up

10 minute Guide to understanding a Balance Sheet – Follow up

My blog on the 10 minute guide to understanding a Balance Sheet is┬áthe most read even though it is also the longest and tries to deal with some complex items in a simple way – http://bit.ly/XMTzfa I used Apple’s balance sheet for 2012 and since a year or more has…

Top  10 Tips on successful Debt Collection

Top 10 Tips on successful Debt Collection

One of my most read blogs is on effective credit control – see http://bit.ly/OhRw5E Debt collection is one of the most important business functions to maintain healthy cashflows and grow the business. So it is worth repeating the top tips for effective debt collection. Here are my top 10 tips:…

How to evaluate Project Risk

How to evaluate Project Risk

Calculating returns on project forecasts is an easier task than calculating the project risks. There are numerous methods for doing this, some very technical and some intuitive. There’s enough written about the technical methods of evaluating risks, so I won’t go into it. Suffice to say, read any business text…

3 Critical Key Performance Indicators (KPIs’) to use in your Business

3 Critical Key Performance Indicators (KPIs’) to use in your Business

KPIs’ (Key Performance Indicators) are set up for absolutely anything these days from measuring SEO performance to customer satisfaction and it’s easy to get submerged in a sea of indicators. Everyone talks about them and mentions them in such jargon that it is vital to keep a clear head of…

10 minute Guide to understanding a Balance Sheet

10 minute Guide to understanding a Balance Sheet

What is a Balance Sheet? It is simply a statement of a company’s assets and liabilities at any given point in time. It’s the most useful document in understanding a company’s financial strength and its financial value. The Balance Sheet is sometimes the most difficult statement for business people to…

How to manage your Working Capital

How to manage your Working Capital

What is working capital? Simply put, its the cash required by a business to pay its suppliers, expenses and staff. It goes in a cycle as shown in the illustration above. When you start a business, it will take some time to start making profits and you will need sufficient…