Category: Business Tips
- Seven Effective Strategies for Small Business GrowthIn 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…
- Unlocking Business Success: Harnessing the Power of Forecasts for Growing BusinessesAs 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…
- One Page Business PlanningGlenn explains why a one page business plan is super effective in helping you drive your business in this short video.
- Defining a great days workWe 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.
- Are you a slave to your business?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.
- Reasons for poor cashflow: number 6Are you in control of the spending in your business? Do you set budgets and monitor them monthly? Ewen shares why control over spending is to set budgets and monitor them monthly in this short video. We can help you trim the fat but not the muscle when it comes to reviewing your expenses.
- Interest ratesInterest rates…it looks like the increases will keep coming, so it’s important to get on top of your cashflow and implement some interest rate strategies. Contact us if you would like to find out more.
- Balance SheetIf your sales were to drop 20-30% overnight, how confident are you that your business would survive? Ewen takes you through three main areas in your balance sheet that must be maintained to survive any downturn you might face in this short video.
- Accounts receivableEwen shares a few actions you can take to your accounts receivable to help get your cash flowing in this short video.
- Increasing your stock turn in a slow-moving economyIf you sell stock or inventory, it’s essential you understand stock turn and how to increase it. Obsolete, or ‘dead’ stock will harm your cashflow and your ability to increase profit, particularly in a slower-moving economy. The longer stock takes to sell, the longer you have your cash tied up in the stock before it…
- Understanding Working CapitalCash is oxygen for your business and measuring working capital is your regular health check to keep your business alive; especially in turbulent times. Glenn explains how Sharp Accounting can identify strategies to increase your working capital in this short video.
- Reasons for poor cashflow: number 5Don’t let poor margins destroy your cashflow and working capital. Ewen explains how small changes can have a massive impact on your gross profit margin and put more cash in your bank account, in this short video.