by Jim | Jun 15, 2022 | How to
Larger companies prepare regular budgets or forecasts. Yet, in most owner-managed businesses there are no budgets or forecasts. Ask them why and they’ll give you all sorts of reasons. They haven’t got time. The current climate is so uncertain its nearly impossible to...
by Jim | Jun 13, 2022 | How to
I was talking with a banker recently about their lending policies at the moment. One thing was very clear. In the current climate, they expect companies to have up to date accounts. The days of the bank accepting accounts from many months ago are gone. Now they are...
by Jim | Jun 7, 2022 | Managing
Applying the TOTE principle to business. In personal development work, the TOTE principle is an iterative problem-solving strategy using feedback loops. This principle can be applied equally well to business. The First T is for Test. Test the environment and identify...
by Jim | Jun 2, 2022 | How to
I remember once attending an Insolvency Update. One of the speakers, who regularly works on examinerships, commented on the lack of good accounting information in most of the companies that go into examinership. This really struck a chord with me. In most of the...
by Jim | May 30, 2022 | How to
Cash collection is often an an issue for businesses. It’s very important to find a working way to be able to implement cash collection since giving credit is at times unavoidable in many businesses. Over time, I have accumulated a number of tips you can use to...
