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Starting a new business venture by yourself is incredibly exciting, but it can be daunting, too – especially when it comes to accounting and taxes.
A business health check is never a bad idea and even if you’re doing okay, there are always ways to improve. It’s important to closely
In business, cash flow is just as important as profit. If your business is a car, then cash is the fuel in your engine; when
When you’re running a small business, it’s easy to get so preoccupied by day-to-day activities and forget to step back and see the bigger picture.
When it comes to meeting your business goals, it pays to have an effective way to measure your success. Key Performance Indicators (KPIs) measure the
During the earliest days of running your small business, you might find that you’re able to handle most, or even all, of the tasks yourself.
In business, it’s not about the money you make but the money you take. Generating £100,000 in sales sounds great, but if it costs you
Cash flow management is one of the most difficult parts of owning a small business. Even if your business is profitable, cash flow problems can
As your small business grows, it will also encounter new and increasingly complex financial problems. In this day and age, a virtual CFO might just
For your business to make money, you need to generate revenue. You produce revenue through your usual business activity, by making sales, getting your invoices
