If you rely on winning tenders or quotes for your business, this information shared by some CFO On-Call Partners, who have helped their clients win some very large jobs, could be extremely valuable. Time Investment Responding to tenders requires more effort than you may imagine. The information required can be time consuming and needs […]
Category: Blog
17
Jan
How To ‘Tune Up’ Your Profit and Cash Flow
Sales, profit and cash are the key issues to focus on in business financial management. If you can get these three working right, you’re well on your way to building a sustainable business with capacity to grow. Most people focus on sales to begin. I’d like to start with profit! The reason to start with […]
21
Dec
Price right? Profit Right?
How do businesses determine their Price to customers? Some typical methods: Charge a bit less than or the same as competitors Charge a bit more than the product or service costs Charge as much as you need to earn to cover your costs i.e. Break-even Charge what you can get away with Charge what you […]
21
Dec
Your net income should exceed your gross habits!
… or Why separate your cash-flow from the Business When asked the key to financial happiness one business owner said – ‘Your net income should exceed your gross habits!’ Jokes aside, I urge business owners to keep their own finances separate from those of the business, in order to manage both sustainably and for the […]
21
Dec
You can laugh at business cash flow worries if you follow this simple plan…
If your bank balance has taken a hit over the Xmas break, you probably need a cash infusion. Rather than rushing out and borrowing or putting in your own money – you might find the cash in places you hadn’t thought of. Cash flow problems often arise due to lack of understanding of how cash […]
21
Dec
The Secret to Avoiding Business Losses
The best way to avoid business losses is to understand what your break-even point is. Obviously the objective of business isn’t to break-even, but to make a profit. Break-even is the amount of sales you need to make to end up with $0 profit. Too many businesses don’t know their break-even point and therefore don’t […]
21
Dec
Some straight talk about making extra profit!
Sales, profit and cash are the key issues to focus on in business financial management. If you can get these three working right, you’re well on your way to building a sustainable business with capacity to grow. Most people focus on sales to begin. I’d like to start with profit! The reason to start with […]
21
Dec
Right and wrong business methods and little pointers to increase your profits
Financial Statements can be a bit of a mystery to the uninitiated. If you begin to glaze over when it comes to looking through your Balance Sheet – you’re not alone. We are often asked: “What’s the Balance Sheet for and what does it really mean?” It often comes as a shock that the health […]
Is your money flying out the door?
21
Dec
Find the hidden profits and cash in your business.
Do you ever look at the reports from your Accounting software and get over-faced by all the numbers? Do you not bother printing out the reports at all, because you aren’t sure which numbers to look at and you don’t have the time anyway? You would not be alone if you answered yes to any […]