View Why Profitable Businesses Go Bust

Why Profitable Businesses Go Bust

At the risk of stating the obvious, cash is the lifeblood of any business.  A business that has access to sufficient cash can survive making a loss, but a profitable business that runs out of cash when it needs to pay its’ creditors will have to cease trading.  Too many managers remain focused on generating…

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View Surviving a Crisis – What should I be doing for my Business?

Surviving a Crisis – What should I be doing for my Business?

The world is in a state of crisis with the covid-19 pandemic crippling businesses and causing heartache for business owners. Since March 2020, the United Kingdom has been faced with a varied state of lockdowns, local lockdowns and the introduction of the new tier system. All of this uncertainty is affecting SME business owners to…

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View Common Cash Pitfalls for Business Owners to Avoid

Common Cash Pitfalls for Business Owners to Avoid

Cashflow matters at all stages of business ownership. Whether you are trying to get a new business venture off the ground, or you’ve been in business for years, it is common to run into cash problems that can drain your company account. However, these problems can be avoided if you are practical with your financial…

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View Why you really need a business mentor

Why you really need a business mentor

Industry analysts, consultants, employees, and good networking contacts can share their expert knowledge with you regarding particular situations and needs you may encounter. However, only a business mentor can truly share wisdom with you on an ongoing basis, and in a way that can have a direct, positive impact on the growth of your business…

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View 5 effective credit control strategies to make your sales more profitable

5 effective credit control strategies to make your sales more profitable

If you’re waiting until a payment is late to begin implementing credit control strategies, you are waiting too long. Good credit control should begin as soon as an order is placed, to help you avoid the risk of late payment and bad debt. The most critical period in the credit control process begins before the…

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View Four Reasons Successful Businesses Borrow Money

Four Reasons Successful Businesses Borrow Money

It’s common for a business to be in some form of debt and borrowing money to make money isn’t a new idea. Here are four reasons why borrowing money for business is not just a fact of business life but a smart choice. 1. Costs need to be paid  Every business needs some form of investment before it can begin trading. This could be something as…

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View Why every business owner needs an exit strategy

Why every business owner needs an exit strategy

When you picture yourself in a room or building, having multiple available exits is not just a matter of convenience, it’s a matter of safety. The same applies to owning and running a business: establishing an exit strategy, a plan for eventually leaving and/or selling the business, is part of smart entrepreneurship, and lends a sense…

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View What to Look for When Hiring Outsourced Accounting Services

What to Look for When Hiring Outsourced Accounting Services

It’s no surprise to hear that good financial tracking will have an impact on the success of your company. Managing the way the money is flowing in and out of your business will affect cashflow and other important aspects of operations. Too often, entrepreneurs don’t have the necessary professional training, which is why they turn…

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