Small business owners are constantly grappling with ‘truck loads’ of information. Follow these steps to 'cut through' the financial information and discover which numbers are really important to understand, drive and manage your way to better profit and cash flow.
Many businesses, particularly small and medium sized enterprises, continue to face trading difficulties in an uncertain economic environment. Their owners and managers need to continuously identify areas where efficiencies can be achieved.
Minimising expenditure is a critical component of business survival and cash flow. Follow these practical guidelines to help keep your business expenses under control.
Financial Statements can be a bit of a mystery to the uninitiated. If you begin to glaze over when it comes to looking through your Balance Sheet - you're not alone. We are often asked “What's the Balance Sheet for and what does it really mean?” It often comes as a shock that the Balance Sheet can make or break a business.
Streamlining your Accounts Receivables will result in improved cash flow for your business. Entrench these steps into your business system you will find Accounts Receivables less of a hassle.
Particularly in the current economy, cash is king. It's critical, in order to stay afloat, that you have tight reins on your cash.
Companies go bust because they run out of CASH. Recognise the importance of cash to run your business and positively manage it.
Day-to day-operations - and sometimes even survival - can all come down to how we're able to manage the inflow and outflow of cash: our cashflow. So how can SMEs better manage their businesses' cashflow?
The age old question accountants get asked by business clients is "How come I've made more profit but I don't have any more cash?". The answer to this question may lie in the issue of the 'cash flow cycle'.
In this article, I discuss recovering money and ways to speed up payment after the invoice has been sent out to your customer.
Generating money, getting paid and keeping profits are all challenges for small businesses.
How well you do your debt collection can make or break your business. Every business has different methods and issues, so let's look at some of the key factors in running a successful debt collection process, in a typical business.
If a business is selling plenty of products or services and buying labour and parts at the right price, how is it possible for it to go bust? Cash is more often than not the reason why so many businesses fail.
It's a bloodbath out there! You read the papers, you walk through the shopping malls, and retailers are closing up or being bought out. It's been a long time since one could remember retail being so tough.
Winning sales is half the battle; ensuring you get paid is the other half!
How To Leverage Strategic Selfishness To Accomplish More
7 Helpful Steps To Avoid Burnout In Your Team
Copyright © 2023
International Institute of Directors and Managers
ABN 26 112 140 299.
All rights reserved.