Earnings before interest taxes depreciation and amortization

Why startups fail – 5 Key Reasons for failure and how to overcome them

Why startups fail – 5 Key Reasons for failure and how to overcome them

Startup failure rates are enough to put any budding entrepreneur off – in the UK it is estimated that 2 in 3 businesses fail in the first 3 years and from the Department of Trade and Industry figures, stats show that 70% of businesses fail in the first 10 years!…

How to Startup a Business – 5 Practical Tips for Success

How to Startup a Business – 5 Practical Tips for Success

Advice on how to start up a business has been written about almost every day and the advice follows the usual steps. 1. Come up with the business idea 2. Research the market for the product or service 3. Write your business plan along with your forecasts for the numbers…

4 Top Tips for Negotiating in Business

4 Top Tips for Negotiating in Business

Every entrepreneur and business manager has to learn the skill of negotiating at an early stage. Not everyone is an expert from the start and it takes time and a few hard lessons to get there. Here I will stick to my experience of business deal negotiations. The easy way…

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…

How to evaluate projects and investments – NPV vs IRR

How to evaluate projects and investments – NPV vs IRR

Every business at some stage has to evaluate projects or investments and choose the ones that will benefit the business most. Usually, it will be faced with a limited budget and spending this capital wisely is critical. This process is called capital budgeting and the most used decision making tools…

How to calculate returns on a project – using Net Present Values (NPV)

How to calculate returns on a project – using Net Present Values (NPV)

Businesses have to make investment decisions all the time. Deciding on whether to proceed with a project can be tricky if you are faced with multiple projects with differing profits and timelines. The most useful tool to use in such situations is net present values (NPVs). In an earlier blog,…

How to calculate returns on investment – using IRR

How to calculate returns on investment – using IRR

If you’re looking to raise funds for your startup, the first question an investor will ask is what’s the return? And if you think that’s easy, it’s the annual profit divided by the investment, you’ll be wrong, e.g. annual profits of £75,000 with an investment required of £250,000 gives a…

3 Key Business Goals to set for your business

3 Key Business Goals to set for your business

Starting a New Year, every business, well maybe almost everyone, will set goals for the new year. Planning and setting business goals for most is an annual event and sometimes it’s called a budget! However, I want to recommend a different course in setting your key business goals. It maybe…

How to Value your Business

How to Value your Business

After getting ready for a business exit, the first thing that has to be done is to value the business. This is when the fun starts as there is no straight forward calculation that can determine the value of your business. The most important thing to remember is that the…