Turnover vs Profit and Why High Revenue Doesn’t Always Mean Business Success
Your sales are growing. Revenue looks great on paper. But when you check the bank account, there is no money left. If that sounds familiar to you as an SME founder, you are not alone. We see many founders who don’t understand how to stop confusing turnover with profit. While the difference may seem technical, […]
Cash is King: 7 Early Warning Signs Your Business is Heading for a Cash Flow Crisis
We have all heard the phrase “Cash is King”. But for many founders, its true meaning only hits home when the business is already in trouble. By then, it may be too late. The difference between survival and failure in business often comes down to how early you spot the warning signs. Cash flow issues […]
The Importance of Good Cash Flow Management in E-Commerce
Cash flow is the lifeblood of every business. Get it wrong and you’ll struggle, even if you’re profitable on paper. For e-commerce businesses, managing cash flow is even more critical. Platforms like Amazon, TikTok and Shopify create both opportunities and challenges. The ability to keep money moving smoothly often separates thriving businesses from those that […]
How to prepare a winning business plan for funding applications
Securing funding is more than presenting a fantastic idea. It’s about showing potential backers that your business is a sound investment. A carefully prepared business plan is your tool to do just this for all funding applications. It provides a clear snapshot of your business’s current state, where it is going, and the strategic thinking […]
Audit or Review: Which is Right When Scaling and Selling Your Business?
When scaling your business with a future sale in mind, how you prepare your financial statements can have a major impact on your eventual exit. One of the key decisions you’ll face is whether to conduct an audit or opt for a financial review. Each type of due diligence when selling your business provides a […]
Is it ok to make a loss in business?
Is it OK to make a loss in business? And does a company always need to be profitable to be successful? Many business owners are faced with this question at some point. The instinctive answer might be “no”. After all, profit is usually the end goal. But in reality, there are times when running at […]
Four Reasons to Conduct Credit Checks on Potential Customers
Our Fractional Finance Director, Eleanor Antonio recently commented in our Financial Health 101 webinar that every business owner should always conduct a credit check on potential customers. It was such a pertinent point we wanted to share four key reasons to conduct a credit check on potential customers. Running any successful business requires navigating challenges and […]
The benefits of a better Chart of Accounts for business growth
There are many areas of business finance that are complicated: complicated enough that business owners struggle to understand them and leave them for the finance team to handle. While a good accountant will help ensure you do have a firm grasp on your financial data, there is one way that you can gain a more […]
5 financial habits to build your business in the New Year
As we careen into the New Year, now is a good time for SME owners to pause and consider laying the groundwork for a solid and successful 2025. Reviewing the past year and thinking ahead over the coming year are useful ways to improve performance in your business. To get the benefit from taking this […]
Why founders should change their approach to strategy as they grow
As the founder of a business, you likely began your journey with a determination to solve a problem, combined with a vision of how you could do it that you turned into something tangible. Your idea and strategy will have been fluid, changing almost daily, and you’ll have kept this strategy firmly in your head […]