Your Business First

19/10/2021

18/10/2021

Your business needs cash. Cash is what keeps your company in operation and enables it to grow, so you should know how much cash your business needs to survive.

Here are some factors that determine how much cash your business needs.

Your business needs cash. Cash is what keeps your company in operation and enables it to grow, so you should know how much cash your business needs to survive. Although many people think the answer is linked solely to operating expenses, this isn’t the case.

07/10/2021

Nobody wants their business to fail. Although it’s impossible to predict the future with 100% accuracy (especially what we are going through right now) a cash flow forecast is a tool that will help you prepare for different possible scenarios in the future

Nobody wants their business to fail. Although it’s impossible to predict the future with 100% accuracy, a cash flow forecast is a tool that will help you prepare for different possible scenarios in the future.

05/10/2021

Here are some tips to effectively scale your business with minimal effort.

If you want your business to grow, at some point you’ll have to think about scaling it. Scaling it isn’t exactly the same as growing it, though they are often used interchangeably.

29/09/2021

“There is no traffic jam along the extra mile” Roger Staubach

29/09/2021

The unfortunate reality is most business owners don’t take proper holidays. Usually this is because their business relies on them and they don’t have the support to keep the business running without them.

22/09/2021

You started your business with plans of earning a living and being successful, but an unfortunate fact of business life is that companies suffer financial hardships. Here are 5 steps you can take to help your business recover after a financial setback.

You started your business with plans of earning a living and being successful, but an unfortunate fact of business life is that companies suffer financial hardships. Whether those hardships are pandemic-related or linked to other urgent situations, the effect is still the same. Your finances are neg...

21/09/2021

Starting a business means you’ll be in competition with other companies that already exist. It’s actually a good thing if you have competition to go up against. Competition pushes you to be innovative.

Starting a business means you’ll be in competition with other companies that already exist. It’s actually a good thing if you have competition to go up against. Competition pushes you to be innovative. It also means there’s an established market for your goods or services.

15/09/2021

The question of motivating employees is often on a business owner’s mind. It can be difficult to find ways to genuinely motivate employees and often the old standards, performance based bonuses, increased rewards and commission-only work in the short-term.

The question of motivating employees is often on a business owner’s mind. It can be difficult to find ways to genuinely motivate employees at work, and often the old standards—performance-based bonuses, increased rewards and commissions—only work in the short-term if they work at all.

08/09/2021

Boost profitability by recognising your key drivers
Identifying the key drivers of your business is critical to boosting profitability. A key ‘driver’ is something that has a major impact on the performance of your specific business.

It’s important to identify and monitor the key drivers of your small business to boost profitability and cash flow.