Have you ever wondered why your business isn’t as profitable as you would like and keeps running out of cash?
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?
Running a business can be a process of juggling and keeping all the balls in the air at the same time. For small business owners this can be an exhausting and frustrating exercise, leaving little time for strategic thinking.
Successful business owners don’t have sleepless nights worrying about cash flow, because they manage it proactively… so it never becomes an issue. Here’s how they do it: Budget A budget is the best place to start managing cash flow.
There’s considerable pressure on transport businesses to manage finances carefully to ensure you end up with a profit. At CFO On Call we understand the issues affecting your ‘bottom line’.
When you’re in a service business Work In Progress Days (WIP Days) is a vital number to be in control of. WIP Days is the number of days, on average, that jobs are in progress prior to invoicing.
How to Calculate your Mark-up the Right Way!
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.
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.
How do businesses determine their Price to customers?
… 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…
If your bank balance has taken a hit over the Xmas break, you probably need a cash infusion.
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.