How to understand key financial documents
Your balance sheet and profit and loss statement are two key financial documents that help uncover what's working and what can be improved in your business.
The six business numbers to track success
We will outline what you can do to improve the six main business measurements providing regular insight into your business.
The difference between net profit and cash flow
Sales and profit are two very different things – as a business owner, you can find yourself without the cash to pay bills despite making profitable sales.
Cash flow forecasting tips
A cash flow forecast is an estimate of the amount of money you expect to flow in and out of your business, including all your projected income and expenses.
How to improve your profit margin
Increasing sales might make more profit for your business but consider increasing profit margins –especially if there is limited opportunity to increase sales.
Tips for collecting your money faster
Most small business owners dislike the thought of calling customers and demanding payment, especially when they're trying to build sales.
How to avoid running out of money
A business can survive for a short time without sales or profits, but not without cash. Managing your money can help you preempt future cash flow difficulties.
Managing a cash crisis
Dealing with a sudden cash flow crisis, even if you’re working hard to avoid shortfalls, is hugely distracting.