increase cashflow

Coping with Uncertainty – Strategy & Scenario Planning

Coping with Uncertainty – Strategy & Scenario Planning

Life is uncertain and yet we manage, usually with optimism. However, when it comes to business, our attitude is different. We want security for our business without political and economic turbulence but this has never been the case – either markets, politics or the competition has nasty surprises in store.…

Early warning signs of business failure

Early warning signs of business failure

Entrepreneurs and managers need to have their finger on the pulse of the business and the sure sign of impending disaster is running out of cash! Running out of cash is always a symptom of bigger problems within the business, which have to be put right. There are early warning…

Profit or cash – what is more important and why?

Profit or cash – what is more important and why?

This is a question every entrepreneur should know the answer to. The answer is that cash is more important in the short-term but both are as important in the long-term. In the short-term, you can make losses and as long as shareholders have put in sufficient cash into the business,…

Keeping an eye on the figures – 3 Key Tips

Keeping an eye on the figures – 3 Key Tips

Managing a business isn’t easy and if you don’t know anything about finance, it’s a sure-fire way of running into trouble. The first thing any entrepreneur or manager has to learn is how to understand some basic finances. Once you learn the basics, it is critical to add to your…

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…

Making your Business tax efficient

Making your Business tax efficient

One of the first things entrepreneurs get advised is to make their business tax efficient. It is a minefield for businesses and hiring a good tax adviser or accountant is paramount but here are some tips that help in ensuring that your business is tax efficient. 1. ¬†Difference between tax¬†avoidance…

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…

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

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

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…