There are three core elements to effective cash management: Cashflow Forecasting Shortening The Sales Cycle Understanding Working Capital To be a cash positive and well managed small business, you will need to know these concepts back to front. Let’s dive in! 1) Cashflow forecasting Managing…

Recruiting and retaining key talent is just as important as it sounds. If we understand that our employees and the work they do form the very skeleton of our business the more value we place on hiring the right people. A correct choice could see…

Is your business and personal finance wrapped up together? If so, now might be the time to consider ‘decoupling’. Access to funding is critical for many small businesses. And, the reality is that traditional lenders don’t typically lend to businesses who don’t have an extensive…

Being the little guy is often an unenviable position to be in. This stays absolutely true for small business. How does the underdog compete among the big brands? Get specific and comfortable in niches Get your niche on people. If you are entering an established…

Poor budgeting can lead to planning errors when you are mapping your business’ expected income and expenditure. This could be catastrophic. If you are a small business owner, you should be virtually living for a budget. For good reason too, there are many potential rewards…

Are you daydreaming in your cubicle again? Pretty sure you could run this place? Thinking of running your own business is a common phenomena among aspiring entrepreneurs  – the mastery of ones life, the promises of  financial success, the ability to exercise your business skills.Its…

Do you attempt the impossible? Are you convinced you have double the brain capacity of regular people? Many people seem to think so when it comes to watching TV while doing ‘work’. Cynically known as ‘Netflix and admin’ this surprisingly common phenomena infects a large…