A Financial Plan that will support the organization and facilitate growth.
ROI, or return on investment, is this magical number that tells you if the money you’re putting into marketing is making a real difference or just disappearing into a black hole. Without a handle on ROI, you might as well be throwing darts in the dark, hoping they hit the bullseye. It’s about making informed … Read more
Running a small business? Yeah, it’s not all smooth sailing, especially when cash flow is tight. Many business owners find themselves juggling bills, invoices, and payroll, all while trying to turn a profit. So, what can you do? Start by re-evaluating your cash flow management processes. It’s about knowing exactly when money’s leaving and hitting … Read more
Financial forecasting might sound intimidating at first, but it’s truly the secret sauce for small businesses aiming to stay ahead of the game. At its core, it’s all about predicting your business’s future financial health based on historical data. You look at past performance to make educated guesses about revenue, expenses, and even cash flow. … Read more
When starting a small business, one of the biggest challenges is dealing with limited capital and managing cash flow. It’s a bit like trying to cook a gourmet meal with limited ingredients. Finding the right balance between spending on essentials and saving for unforeseen costs is crucial. Exploring funding alternatives can be a game-changer. Instead … Read more
Small business grants can be game-changers. These financial awards, often from government bodies or private organizations, don’t need to be repaid. Instead, they’re designed to boost your business by addressing specific needs or funding new projects. Grants are vital for several reasons. First off, they provide much-needed capital without adding debt. This can free … Read more
Most of the small business owners that I had as clients when I had the consulting business were expert on the technical side of their business. They were the inovators and the idea folks. However, very few had a workimg knowledge of the financial side of the business and how to manage the business from … Read more
Cash flow is basically the money flowing in and out of your business. It’s crucial because it keeps the business ticking over. Revenue might look great on paper, but without regular cash flow, paying bills and salaries becomes a nightmare. Profit and cash flow often get confused, but they’re not the same thing. Profit is … Read more
Alright folks, here we go. Running a small business is a thrilling ride, right? But to keep those wheels turning, you need some cash flow. I have written several articles on this site about cash flow. It is a very critical point for business success so I believe it merits it. Funding is absolutely critical … Read more
Business debt can be tricky territory, but getting a grip on the basics can make it way easier to navigate. Debt, in essence, means borrowing money that you’ll need to pay back over time, often with interest. Simply put, it’s the money your business owes to external sources, and it’s a tool to manage growth. … Read more
Financial planning isn’t just a fancy term thrown around by big corporations; it’s a lifeline, especially for small businesses. Without a solid financial plan, it’s like trying to navigate a ship without a map. You might end up somewhere, but who knows where that ‘somewhere’ will be? So, understanding the basics is the first step … Read more