funding your business

Growing your business – 3 Key Tips

Growing your business – 3 Key Tips

There comes a point when entrepreneurs/founders want to expand and grow their business, be it adding a new service/product, opening a new location or adding staff to grow existing services. I would recommend 3 key tips for businesses to consider before embarking on a growth phase. 1. Planning for growth…

ROI and when to use it – return on investment

ROI and when to use it – return on investment

What is it? Return on investment or ROI is the most commonly used financial term in many conversations about spending large sums of money. Simply put, it measures the profits or benefits arising out of money invested to achieve those benefits. It should not be confused with ROCE – return…

Funding pain remains for startups and SMEs’

Funding pain remains for startups and SMEs’

Raising funding for startups and small and medium-sized enterprises (SME) or even large projects is still a difficult and painful process out there. I had a long discussion with an experienced consultant recently who works with tech startups and his prognosis for the smaller end of fund-raising circa £250,000 was…

How to deal with failure in Business – 5 Key Tips

How to deal with failure in Business – 5 Key Tips

We all make mistakes. It’s a fact of life. The key to success is how we deal with failure and overcome the negatives. Whether it’s a business startup or your business hitting a recession, failure can be painful. In business, failure can be even more difficult to deal with. Or…

Networking to increase business – Top 10 tips

Networking to increase business – Top 10 tips

Networking – it’s what most of us fear before we gain experience. Even those with experience aren’t experts. We can keep on learning. Networking is essential for a startup founder and also for established businesses to grow their business. I started my own consulting and part-time FD business 10 years…

Free Cash Flow and why it’s important in your Business

Free Cash Flow and why it’s important in your Business

Free cash flow is a financial indicator that is favoured over ROCE, ROI and other ratios to gauge a company’s health. So it’s important for entrepreneurs to understand how important it is in their business. Free cash flow is how much cash is left in the business after all running…

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…