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Finance

Worried about cash flow, robbing Peter to pay Paul? Then visit our finance section to discover how you can get control of your financial destiny.

Managing your money effectively in your business

Money is a necessary aspect of every business and you need to learn to strengthen your money management skills to be able to run the business in an effective and efficient manner. Managing money comes down to using the right type of tracking system and to see where your money is coming in from and ...

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How to collect money from your customers

Making money is the easy part of running any business.

If you are good at what you do and you have an effective marketing strategy the work will roll in!

The difficult part for many business owners is collecting money that is due;

Here are a few tips that could help any business:

1. Agree payment terms ...

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5 quick ways to get through a cash problem in business

Nearly every small business will face a cash flow crunch at some point, when money flowing into your company is not enough to cover short-term payables.

It can be triggered by any number of factors — seasonal business fluctuations, late paying customers, or the loss of a key contract. While many people associate cash flow problems ...

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7 QUICK COST SAVING METHODS

One of the keys to running a successful small business is learning to control costs. Left unattended, even the smallest expenses can quickly add up and cut into profits and your business’ overall economic health without moving your business forward.

Many small business owners know where money comes in from but are not as clear where ...

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9 simple tips for setting effective budgets

Whether you are mapping a path to profitability or simply determining how much to spend on marketing, setting effective budgets can help your company manage money optimally. Budgeting is a crucial aspect of financial planning. It forces you to ask questions about the business decisions you make, which in turn helps you anticipate the resources ...

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Close the sale-Ask for the order !

Many salespeople are reluctant to ask for the order for a variety of reasons.

They may be afraid of rejection or are not confident in themselves or what they have done during the sales/quoting process. Perhaps they do not want to be perceived as being pushy, or they are inexperienced and do not know how or what to ...
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5 Easy Methods to Managing Purchasing to Maximize Cash Flow

One of the keys to effective cash flow management is keeping a close eye on your purchasing patterns. While many businesses focus their cash flow strategies on ways to boost receivables, supplier-related payables need to be watched just as prudently. Follow these tips to help you control these expenses and help your business prosper:

Get the ...

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Top tips to improve cash flow in your business

Business Advisor Gary Maskell recognises the primacy of positive cash flow and firmly believes that it is vital for business survival and growth.

A good sales creed is “give me cash not credit”. It is also the tune that successful businesses sing. It does not matter if your gross margins make your competitors green with envy ...

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How to manage your Cash in a Crisis

Cash is the lifeblood of every business and no business can survive for long without it. As Mr. Micawber in Charles Dickens’ novel, David Copperfield, so succinctly put it:

“Annual income twenty pounds, annual expenditure nineteen pounds, nineteen shillings and sixpence, result happiness. Annual income twenty pounds, annual expenditure twenty pounds and sixpence, result misery”.

This simple ...

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10 Proven ways to improve cash flow in your business

As any small business owner knows, maintaining smooth cash flow requires juggling nearly every facet of a business, from staying on top of accounts receivable, to extending lines of credit, to managing inventory. The essence of successful cash flow management is regulating the money flowing in and out of your business. Increasing your cash flow ...

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