A Financial Plan that will support the organization and facilitate growth.
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
Crowdfunding is like rallying a community around your business idea. Platforms like Kickstarter, Indiegogo, and GoFundMe make it easier than ever to pitch your dreams to the world, and sometimes, that’s exactly what your small business needs to get off the ground. Let’s break down these platforms and how to make the most of them. … Read more
Starting out, many new entrepreneurs get so caught up in their idea they forget to ask the most important question: is there a market for this? Ignoring this can lead to investing time, money, and resources in something that simply won’t sell. Understanding the market demand is like finding out if there’s a crowd at … Read more
Jumping into a new business without a solid plan is like setting sail without a map. It doesn’t have to be overly complicated, but having a clear roadmap can save a ton of headaches. One common pitfall is skipping market research. It’s tempting to think your idea is a sure winner, but you need to … Read more
Knowing how much money your business requires and what type of funding suits you best are crucial first steps. It’s not just about getting any money; it’s about getting the right money. Start by assessing which stage your business is in. Are you in the early startup phase, or are you looking to scale up … Read more
Have you ever pondered what fuels a business’s daily operations? It’s not just about putting in the hours or having a solid product; it’s also about harnessing the financial lifeline known as working capital. In my opinion, understanding the tools to maintain and manage this crucial element can make the difference between thriving and just … Read more