Tag: cashflow
- Four Key Strategies to Boost Your Bakery’s Profit MarginsIn this video, Glenn explores four strategies bakeries can use to increase their gross profit margin and reduce the cost of goods sold. Key tips include shopping around for better supplier prices, adjusting your product mix to focus on higher-margin items, reviewing pricing to ensure it reflects rising costs, and actively monitoring and managing wastage.…
- Planning for Seasonal Dips in IncomeSeasonal dips in income can be particularly challenging for businesses, but there are proactive strategies for predicting, planning for, and managing these fluctuations in revenue. The key to handling seasonal dips is knowing when they are most likely to occur and implementing strategies that spread your income and revenue over the course of the year.…
- Managing Holiday Cashflow For Your Business – Tips and StrategiesAs the holiday season approaches or if you’re gearing up for a well-deserved break, maintaining control over your business’s holiday cashflow is crucial for a healthy work-life balance. Discover essential tips to keep your finances in check during the festive season. Plan Ahead for Overheads and Salaries Understand that even when you’re away, overheads and…
- Holiday Cashflow Strategies for SMEs: Navigating a Stress-Free SeasonHoliday breaks are a chance to recharge for the year ahead. We look forward to warmer weather and finally setting up an out-of-office email for the break. However, for business owners, this time can be stressful without careful cashflow planning to implement holiday cashflow strategies. Even if you do continue to operate through the holiday…
- The Value of Cashflow Forecasting for Your BusinessIn our recent articles, we’ve discussed essential financial reports, such as income statements, balance sheets, and cashflow statements, which provide a snapshot of your business’s financial health at a given point in time. While these reports are crucial for understanding past performance, cashflow forecasting takes it a step further by offering a forward-looking view, helping…
- Why Financial Literacy is Key to Business SuccessUnderstanding your financial reports is crucial to improving your business performance. In this video, Ewen outlines four key reports—profit and loss, balance sheet, accounts receivable, and accounts payable—and explains how monitoring them can enhance cash flow, build stronger supplier relationships, and inform better decision-making. If you’d like a financial review of your business, reach out…
- Sharpen Your Numbers – FAQ: There is not a lot of money in bank, what am I doing wrong in my business?If you’re seeing a low bank balance, it might not be about what you’re doing wrong but where your money is tied up. In this video, Ewen shares tips on assessing your sales, accounts receivable, stock levels, and accounts payable. Discover how these factors impact your cash flow and what you can do to improve…
- Key Ways to Access Business FundingStarting a new business or expanding an existing one often requires substantial funding. Securing the right finance at each stage of your business journey is crucial for success. But where can you find the necessary funds? Five Ways to Access the Right Funding Here are five key funding options to consider: 1: Bank Loans and…
- Quarterly Super Payment DeadlinesQuarter Period Payment Due 1 1 July – 30 September 28 October 2 1 October – 31 December 28 January 3 1 January – 31 March 28 April 4 1 April – 30 June 28 July Key Points Clearing Houses Missed Payments Additional Compliance Given the ATO’s increased audit activity, timely compliance is more critical…
- Protect Your Finances: Avoid Banking ScamsIn this short video, Glenn reminds you to protect yourself from phishing scams targeting your banking details. Scammers are sending fraudulent emails with links to “reset passwords” or “update details,” aiming to steal your identity or access your bank account. Remember, legitimate banks never ask for sensitive information via email links. To stay safe, never…
- Optimise Your Cashflow: Six Actionable Payment StrategiesLate payments can wreak havoc on a small business’s cashflow, causing unnecessary stress and financial strain. If you are struggling with overdue invoices, fear not! We can help you optimise your cashflow. Here are six straightforward tips to expedite payment processing and get your cash flowing smoothly: Invoice Without Delay: Don’t wait to send out…
- Effective Strategies to Manage CashflowIn business, cashflow equals confidence and resilience. Take charge of your financial future with these strategies to help you manage cashflow in your business: Establish Clear Payment Terms: Set clear Terms of Trade outlining payment expectations for each customer. Ensure prompt payment by clearly defining payment deadlines and consequences for late payments, as outlined in…