One question that seems to arise more often than any other is “How do I get a better grip of my cash flow?” Many business owners find controlling their cash flow a real challenge. They think that it’s complicated or they need to be an accountant to understand it. To get a grip of cash […]
Cash, crashes and cash flow – For any venture, cash is king. Run out of cash one day and the venture is dead the next day unless the founders are willing to max out credit cards, fire everyone or (not recommended) trade illegally. Yet many now successful founders have at one time or another run […]
Bridging the gap between the business owner and their accountant I was recently interviewed by Melissa at the International Accounting Bulletin where I shared how I want accountants to get acquainted with what she refers to as the ‘C’ word to they can help their client more (not just talk about it). Accountants should be […]
Where might hidden Brexit costs arise? From additional paperwork through to new legal requirements and supply chain risks, the impact of Brexit on UK business is wide-ranging. It impacts revenue in many ways. In this article, we will discuss how to stay profitable despite the various hidden costs of Brexit, and how small businesses can […]
Like death and taxes, a stone-cold certainty as a business owner is that someday, you’ll leave your business… and you can’t always know when. But you can make your business worth more! If you don’t plan your exit, bad things happen: for you, for your family, for your clients, for your employees, for your suppliers. For society, in […]
Getting Started Having established the business in 2012, the owners knew their business had reached a cross roads about their exit options. One shareholder was looking at retirement whilst the other “had another 20 years” in them. But they didn’t know what exit options they had to enable one to extract the value out of […]
You want to make more money and leave a legacy after a lifetime of work building your own business – don’t you? Yet only 2% of business owners know what their business is worth today. And over 90% of business are unsaleable! Getting Started – Decide to Make More Money Experts in their field, the […]
Businesses are being tested in ways they have never been tested before. The sad news is that whilst the COVID-19 situation is unprecedented, it is also highly likely to happen again at some time in the future – hopefully the distant future. Many businesses are currently in survival mode and looking at how to keep […]
Gross profit is an important area of a company’s income statement. Here’s a look at exactly what gross profit is and how you can use it for growth and enable you to sell your business for more money. Gross profit is an important area of a company’s income statement that can provide crucial insights on […]
Most business owners have a sizable portion (if not all) of their pension tied up in their businesses. Yet they have no clear idea or plan for how they are going to get access to it. Or make the business worth more to enable the pension pot to be bigger. Have you given thought to […]