Managing growth when coming out of economic downturn
Growth kills more companies as they emerge from an economic downturn than the recession itself. More precisely, headlong expansion with depleted working capital is what does for them. After the slump, the losses and the gloom of it all, what entrepreneur would turn away that heady surge in sales?
Continue reading Business growth – managing the overtrading risk…
Tag: Cash Flow
Has the Covid Pandemic Created a Financial Timebomb for SMEs?
This time last year, chancellor Rishi Sunak quickly announced several lending programmes for companies affected by Covid and resulting lockdown. With loans, tax relief and cash grants available to support businesses, the idea was to prevent a wave of insolvencies, as firms struggled to stay afloat during the pandemic.
Continue reading Has the Covid Pandemic Created a Financial Timebomb for SMEs?
What happens when the Government business support schemes end?
In the natural world, only erosion can move a cliff edge. In the distorted, dystopian UK realm of Coronavirus economics, the cliff edge is financial and it shifts at the whim of the government, leaving a trail of confusion and uncertainty behind it for businesses.
Continue reading What happens when the Government business support schemes end?
How to plan for a successful financial year-end…
Financial reporting at year-end is a statutory requirement, providing a summary of how your company has performed over the previous 12 months. It can also be a good opportunity to take stock and look at ways you could improve your business in the coming year…
Continue reading How to plan for a successful financial year-end…
How your business can survive and thrive through Covid-19…
Since the unexpected arrival of COVID-19, business owners have been doing their best to weather the storm and navigate through this unprecedented situation. SMEs have been hit particularly hard by COVID-19, with 80% reporting declining revenue, compared to the 80% of SMEs who said their revenue was stable or growing prior to the onset of the pandemic. [1]
Continue reading How your business can survive and thrive through Covid-19…
Might you benefit from some outsourced bookkeeping support?
Who could benefit from a crystal ball? Pretty much everyone right now! Sadly, we can’t offer that, but we do know that the financial data of your business can offer some good insights into what could and could not happen…
Continue reading Might you benefit from some outsourced bookkeeping support?
5 Proactive steps to managing your business survival…
If you’re a small business owner, you might be feeling particularly overwhelmed at the moment, trying to figure out what the Coronavirus pandemic means for you and your business. You’re certainly not alone. Many small businesses are vulnerable and business owners are facing difficult decisions, with real concerns about how their businesses will survive this unforeseen and unpredictable crisis…
Continue reading 5 Proactive steps to managing your business survival…
Practical tips on how almost any sole trader, small business or limited company can accelerate their cash flow…
Cash is ‘King’ because it pays for all the things that make your business run! Expenses like stock or raw materials, wages, rent and other operating expenses are all paid for by the cash coming into your business and so it follows that you want to maximise the flow of cash into your business. Below are a few practical ideas on how almost any sole trader, small business or Limited Company can accelerate their cash flow…
Continue reading Practical tips on how almost any sole trader, small business or limited company can accelerate their cash flow…
Cash Flow for Small Businesses
Cash flow is critical for a small business because it needs money to pay suppliers, employees and overheads such as rent and utilities. Firms must ensure they have sufficient working capital for these day-to-day operations and often this is tied up in monies owed to the business by customers who have bought goods or services on credit…
How a Part-Time FD Could Transform your Business…
Why would you need an FD?
It is inevitable that as a business grows the finance burden increases. It is therefore likely that an increasing amount of the owner’s time is taken up with financial matters. This is not what you envisaged when you started the business and unlikely to be what you want to do or indeed what you do best.
Continue reading How a Part-Time FD Could Transform your Business…