How employee turnover can impact company performance
There are a number of reasons why a high level of employee turnover is bad news for a company. A high turnover rate of workers generally means that the work environment isn’t suitable for the type of...
View ArticleWhat is your exit plan for your business?
It may seem a strange notion, but planning your exit strategy should really form part of your business plan. Let’s look at some of the options and their advantages and disadvantages: Acquisition...
View ArticleFunding for growth: Alternative finance sources
It isn’t uncommon for businesses to feel they may struggle to secure finance from traditional lending sources like banks. When traditional finance is withdrawn it can cause all sorts of problems for a...
View ArticleSix strategies to help your business grow: Forming partnerships
There are few SME owners who don’t harbour ambitions of taking the next step and becoming one of the big boys in their sector, but how should they go about turning that aspiration into a reality? In...
View ArticleSix strategies to help your business grow: Promotion and advertising
As a business owner, it won’t come as a newsflash that spreading the word about your company is fundamental to growth, but how carefully do you select your avenues here? The next instalment in our...
View ArticleUnderstanding direct and indirect costs
Since direct and indirect costs affect the price you charge for a product, an understanding of the difference between the two can be pivotal to maximising your cash flow. To determine the final cost of...
View ArticleSix strategies to help your business grow: Diversification
Many company owners fall into the trap of thinking that growth simply means attracting more business, but the truth is very few can achieve this without expanding on what they offer. Next up in this...
View ArticleProcedures and processes: managing petty cash
Most companies will incur the occasional expense for a small item, often paid for using cash rather than issuing a cheque or using the business credit card. Such items may include stationery, milk for...
View ArticleSix strategies to help your business grow: Making acquisitions
An obvious way for any company to expand is to take a look at other businesses and consider how well they could complement what you have in place at the moment. As we mentioned in a recent article,...
View ArticleMain factors of exponential growth
The ultimate goal of any business is to experience significant and rapid growth, but to be able to cope with the extra demands placed on a company due to exponential growth, the business must prepare...
View ArticleTips for accurate inventory control
Controlling inventory can be a real challenge for a business, especially if the company has limited storage space or cash flow problems. Excess inventory takes up valuable storage space and costs the...
View ArticleHow to overcome the challenges of business planning
Creating a business plan is a crucial step for all companies, not least because the document may be required by potential investors, finance providers and other stakeholders. Business planning includes...
View ArticleHow a commercial accountant can help your business grow
Savvy company owners are well aware that business growth doesn’t just happen. Steps must be taken to improve existing services, products and operations. To achieve growth, a business owner requires an...
View ArticleUnderstanding financial analysis
Along with producing a viable business plan, financial analysis is crucial for the daily management of a company. It isn’t possible to plan ahead unless you have financial data so that you can create a...
View ArticleSuccessful budgeting and cash flow
Budgets are used to plan the performance of a business and usually focus on the finance, but can also be used to plan output. The budget can be checked against the actual performance to analyse whether...
View ArticleTips to secure business funding
A business may require funding at any stage, from first starting up to expansion. It is much more difficult to secure funding now than it once was, which combined with the many options available makes...
View ArticleSix ways to improve cash flow: Understanding cash flow
There is a popular saying that many business owners have heard: “Cash is King”. Although this is a common phrase, what is the actual meaning and is it accurate? Cash flow is the incoming and outgoing...
View ArticleAre you considering invoice financing?
Invoice financing is a method employed by companies to raise money against outstanding debts. Usually, a third party will purchase any invoices you have that remain unpaid, although the amount paid...
View ArticleSix ways to improve cash flow: How to stay in control of cash flow
Understanding and managing cash flow is critical for any business, especially during times of economic difficulty. Staying in control of the company’s cash flow will help avoid financial crisis and...
View ArticleHow to avoid bad debts
Debts can have a serious impact on a company’s cash flow, possibly affecting your relationship with your suppliers if you have insufficient funds. Cash flow is a culmination of income and expenditure,...
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