key performance indicators

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…

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…

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…

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…

8 Key Actions to Prepare your Business for Exit

8 Key Actions to Prepare your Business for Exit

At some stage, every entrepreneur and business owner has to realise an exit from their business. The most important thing is to maximise the business value when you sell your business. I have already written about the key exit strategies in an earlier blog http://bit.ly/1eDQ4DF Whatever strategy you choose, it…

Off Balance Sheet financing – what does it mean?

Off Balance Sheet financing – what does it mean?

It’s a form of financing used to fund assets that do not have to be shown in the balance sheet. And the next question, is why? Well, the nature of the financing is such that the total liability doesn’t have to be recorded on the balance sheet thereby making the…

3 Tips on setting up Key Performance Indicators for your Business (KPIs’)

3 Tips on setting up Key Performance Indicators for your Business (KPIs’)

Every business must have key performance indicators (KPIs’) to measure their progress against given objectives. KPIs’ can measure whatever you want but to make them a really powerful tool in your business, they should measure the key goals you have set yourself for the business. KPIs’ should be SMART –…

5 Signs that you have to hire a Finance Director/CFO

5 Signs that you have to hire a Finance Director/CFO

An experienced finance director can add significant value to your business from day one and help maximise the value of your business. Lack of financial management can destroy a company pretty fast, however good the product or service is. Here are 5 critical signs that you need to hire a…