Profit & Loss

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.…

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…

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 increase Profitability – 10 Key Tips

How to increase Profitability – 10 Key Tips

There are hundreds of articles written about increasing profitability and it’s easier said than done. The easy part is to understand what needs to be done but the hard part is achieving it especially in large businesses. That said, there are only 2 parts of a formula you need to…

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…

Can you make profits and still go bust?

Can you make profits and still go bust?

Yes, you can! Here are some scenarios where your business can be very profitable and still go bust. 1.  Growing too fast – a business can grow too fast and tie up cash in debtors and inventory, running out of cash to pay suppliers. 2.  Big deal sours – too much…

5 minute Guide to understanding a Cash Flow Statement

5 minute Guide to understanding a Cash Flow Statement

What is a Cashflow statement? It shows how the business spent the cash it earned during the period and is usually the easiest financial statement to understand. Essentially, it is a reconciliation of how the cash amounts on the Balance Sheet have moved from one period to the other by…

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…

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…