There are many reasons why you may need investment in your company, like replacing outdated or old equipment, relocating to larger premises or funding growth. It can be difficult to secure the investment which you require, especially if you haven’t been trading long Read more
Monthly Archives: August 2015
How growth can impact on your company
We are often reminded that the ultimate goal for a company is growth, but sudden growth can have a negative impact on cashflow and ultimately lead to problems. Profit, turnover and cashflow all have a different impact on the company, with cashflow being the most Read more
What is stopping you improving your profits?
There are many things you can do to increase profits in your company, although this doesn’t always involve big changes. There may be reasons why your profits have stalled, and not all the reasons will be obvious. It is worth investing the time and resource to Read more
The benefits of creditor management
All companies have a number of creditors that usually fall into the category of your bank or finance provider, suppliers and statutory bodies like HM Revenue & Customs (HMRC). So your business can continue to run smoothly, the need to build good relations with all your creditors goes without saying, especially if problems may Read more
Benefits of company benchmarking
Comparing your company against others in the same sector and of a similar structure and size can help you to improve the performance of the business. Benchmarking is the use of information and statistics to compare and highlight any issues Read more
Which financial reports are crucial for a business?
The production of financial reports enables a small business owner to maintain control of finances and remain aware of any potential problems that could impact on the company. Reports can become confusing though, and this is why many companies incorporate Read more
How a financial plan will enhance your business
Usually created as part of a business plan roughly once a year, your business plan is the go-to point for the strategies you form to help reach specified targets through the year. A sound plan will help to tackle any potential cash shortages and prepare finances for the year ahead.
What do you need Read more
Keeping your business in the black
Healthy turnover and profit are no good if the business isn’t in the black. Growing sales and poor cashflow management can push a company into the red. Keeping a company in the black is challenging but crucial for Read more
How forecasting will benefit your business
Whilst forecasting isn’t completely accurate, it can significantly assist a director look at the bigger picture and offer many benefits. Forecasts should be included as one of the main steps of a business plan. Implementing Read more
How to improve and manage your working capital
The working capital of a company is a measure of its short term health and efficiency. The net working capital should be indicating that the business has sufficient assets to pay its debts. If however the working capital ratio falls into a negative figure, the company may be in Read more