Category: Business Tips

Business owners often prioritise profit and cost reduction, but it’s essential not to overlook the significance of your Balance Sheet. Even profitable businesses can face financial challenges, making your Balance Sheet a crucial indicator of your business’s solvency. Here, we explore four critical areas to focus on within your Balance Sheet for lasting success. Profitability…

In the world of business, maintaining a healthy cash flow is essential, and one key factor in achieving this is effectively managing your debt collection. But how do you measure and improve debtor days? What Are Debtor Days? Debtor days refer to the average time it takes for your customers to settle their invoices. While…

Have you ever found yourself in a meeting with your accountant, celebrating a surge in profits, yet still wondering where your cash has disappeared and how you’ll meet payroll the next day? If you have, you’re not alone. The stark reality is that cash and profit are not one and the same. In this article,…

Cashflow is vital for your business’s health and can often be a source of stress. To boost your cashflow, consider these 10 straightforward tactics: Set Clear Terms of Trade Establish clear Terms of Trade for every project. Define your invoicing procedures, expected payment timeline, and consequences for late or non-payment. Offer Payment Options Explore payment…

In the dynamic world of business, growth is essential for sustained success and business growth. As a small business owner, you have seven powerful levers at your disposal to drive growth. In this article, we delve into these strategies that encompass both sales expansion and cost reduction. By implementing these tactics, you can optimise your…

As business owners, we’re accustomed to checking the weather forecast before making weekend plans. But have you considered the importance of forecasting in your business? In this article, we’ll explore how a comprehensive business forecast can provide valuable insights, empowering you to make informed decisions for sustainable growth and business success. The Power of Business…

In the journey of building a better business, it’s essential to prioritise your well-being. Just as flight attendants instruct passengers to put on their own oxygen masks before assisting others, taking care of yourself is paramount in business. This blog post explores the concept of the “well of happiness” and provides practical steps to ensure…

Glenn explains why a one page business plan is super effective in helping you drive your business in this short video.

We all have days where we nail our work and feel like it’s been a great day! How do you encourage your team to have more great days and fewer days where they feel they’ve achieved nothing? Ewen explains the principles to define a great day’s work in this short video.

Feeling like a slave to your business? It’s your business, you make the rules. No more excuses! Ewen shares what you need to do to regain control in this short video.

Build strong networks to generate referrals Referrals are the easiest way to generate new business, and building strong networks is a great way to generate referrals. Networking and referrals are cost-effective ways to grow your business, as the return on investment can be huge. Think about the types of networking you can undertake and encourage…

Get someone independent to hold you to account Have you ever set a New Year’s resolution and then reset the same one again the following year? It’s widely recognised that approximately 80% of New Year’s resolutions fail. How can we increase our chances of successfully achieving our goals? Accountability. The most foolproof way of ensuring…