Managing the Finances
The most important thing to remember is that many business laws are universal. While it may appear that running a one-person business is simpler, it requires the same kind of decision-making a CEO of...
View Articleusing credit cards in your business? there are cheaper finance options...
If you are using credit cards as a funding solution in your business, you are likely paying 9% more in compound interest per year. A recent survey suggests that on average small business use $30k in...
View ArticleDo you need our help… How would you know?
You need our help if Haven’t received a newsletter from your accountant in the last month Haven’t had any conversations with your accountant other than about when your tax will be done Feel that...
View ArticleThe 5 biggest battles for Small Business – Part 1 – Your Finances
In my line of work, the conversations often turn quickly to the problems facing small business. Especially after some of the toughest years in business I can remember, these sorts of discussions are...
View ArticleGet your cashflow sharper with better cashflow – debtors
Accelerating Cash Inflows Cash inflows are the movement of money into your business. Inflows are most likely from the sale of your goods or services to your customers. If you extend credit to your...
View ArticleCashflow tip – improve your average collection period
Improving Average Collection Period For most businesses, the time it takes to collect on a customer’s account is generally the step requiring the most amount of time in the cash conversion period....
View ArticleCashflow – collection tips
Collection Tips Here’s a series of collection tips that may help you improve your results: Whenever possible, do your debt collecting in person. If that’s not possible, do it by phone. Write a letter...
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