What Do You Want from Your Business?

When you started your business, you probably dreamed about flexible hours and highly profitable, stimulating work. Ideally, you would have adopted best practice and documented those dreams in a succinct Business Plan. The plan would specify how much cash you need from the business, your role, and the hours you would be working. In other […]

Challenges for Small Businesses Coping with Debt

Risk is part of running a business. You cannot easily plan for recession, natural disasters or other negative events, because if you take a too-cautious approach then you’ll never succeed. But sometimes the odds will go against you. If you find yourself unexpectedly further in debt than you would like, don’t panic. There are options […]

Reducing Your Lock Up Days to Free Up Cash

It is vital for businesses to free up as much cash as possible, particularly in these tough economic times. Your ‘lock up days’ is the number of days it takes to convert your debtors, stock and work in progress into cash. A high number of lock up days means your business needs to have more […]

Your Critical Numbers

The Covid-19 crisis has created a “new normal” for businesses. Traditional ways of working are being challenged and we now need to innovate, adapt, re-engineer, and reinvent the way we work. Lockdown gave us time to consider our options, but two important questions often remain unanswered: How will we know if we are on track […]