Are you missing out on the benefits of budgeting

Are you missing out on the benefits of budgeting

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...
Are you missing out on the benefits of budgeting

Getting Better information from your Accounts

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...
Are you missing out on the benefits of budgeting

Simple tips to improve Cash Collection

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...
Struggling with your work-life balance?

Struggling with your work-life balance?

One of the most common problems for self-employed people is achieving or maintaining a good work/life balance. I recently had a client who was finding that he was overwhelmed by the amount of work that had to be done and was seriously considering pulling back from the...
How To Get Better At Predicting Business Costs.

How To Get Better At Predicting Business Costs.

Do you know much it costs you to open your doors in the morning? Thats the easiest way to predict your business costs. There is a friend of mine, a retired banker who describes business owners in control of their business as ‘they know exactly how much it costs them...