Category: Business Tips

If 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.

Ewen shares a few actions you can take to your accounts receivable to help get your cash flowing in this short video.

If 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…

Cash 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.

Don’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.

This isn’t typically a place where you’ll find a lot of wastage. Our experience is that business owners are very careful about managing their expenses, and the smaller the business is, the truer that statement is. Having said that, as a business grows, so do the layers of hierarchy. Management control can deteriorate and the…

Are your stock levels stifling cashflow in your business? Low stock turn means full shelves and an empty bank account. We can help you unlock more cash in your business cashflow.

The right debt and capital structure makes a huge difference to the cashflow in your business. We can help you prepare a Cashflow Forecast and make simple changes to give you more cash.

Do you understand your cash lockup? Having your cash locked up in WIP or accounts receivable is a key cause of poor cashflow. We can help you create a Cashflow Management Plan and show you what’s possible, in cold hard cash.

Make sure you are taking some time to reflect on what worked and what didn’t work over the last 12 months with your business. Ewen explains why this is a great exercise to do while you have some down time.

Many Australian business owners have engaged in little to no exit planning. This is true even for owners with most of their assets tied up in the business. Unfortunately, this is a recipe for disaster when it comes time for you to leave the company – whether that’s due to retirement, an accident or illness,…

Do you understand the difference between profit and cash? Are you improving your profits but not seeing an improvement in your bank balance? We can help you increase both your profit and your cash! There’s a massive difference between profit and cash. Let’s explore the differences to make a better plan to increase both. 1.…