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Category: Finance

12 Ways To Collect Unpaid Business Bills

By Sue Hirst – Director of CFO On-Call Doesn’t it just give you the @?%&s when you’ve delivered a great job or product and customers don’t pay you on time? Unfortunately customers don’t always do the right thing, so you need to factor this into your business management. One of the most important factors relating […]

How To Stop Wasting Money In Your Business!

by Sue Hirst – Director, CFO On-Call   The easiest way to stop wasting money in your business is to use a simple tool – a Budget. When/Why should businesses review their budgets? Budgets should be reviewed monthly.  This can be done by entering a budget into accounting software and printing an Actual versus Budget […]

NOW Is The Time for Exit Planning

Anyone can create or build a business. But how do you exit the business successfully? The decision of whether to exit your business or not, is never a simple decision. Most business owners hesitate or even procrastinate when making decisions about succession and transfer of business ownerships. It’s natural to avoid thinking about matters that […]

Little Leaks That Keep Business Owners Poor

by Sue Hirst – CFO On-Call ‘Overheads’ will not be a new term to most Business Owners.  You see them each month or year when you print out a Profit and Loss report from your accounting system.  Some accounting systems by default calls Overheads ‘Expenses’. It’s a listing of what you have spent money on […]

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 […]