The importance of cashflow
When you own a small business, it’s vital you understand the importance of cashflow. Being how money flows into and out of it. At a basic level, you need to…
The importance of cashflow
Do you know your break-even point
All business owners need to be aware of their break-even point — that is, the number of units they need to sell in order to cover their operating costs. Once…
Ten daily habits of successful business owners
Here’s a list of ten common habits of successful business owners. Many are simple and straightforward. But as we tend to get caught up in the day to day requirements…
Profitable business but no money in the bank
Some small business owners find themselves in the difficult position of running a business that appears to be profitable but have no money in the bank. It’s an important situation…
Collaboration in the workplace
Many elements are vital to a growing company’s success. A financially-astute leader is one. A confident and motivated sales team well-versed in a company’s product and service line is another.…
4 money saving tips for business owners
Running a successful business requires you to make smart decisions about everything from who you hire to how you spend your money. There are many legitimate expenses to cover, but…
5 things to help you pay down debt
Debt can be a crippling problem for small businesses wanting to grow or just break-even during difficult times. By reducing debt you’ll improve the value of your business, its financial…
5 ways to create a healthy cash flow
A healthy cash flow is important to ensure the smooth running of your business. However, in times of crisis such as the COVID-19 pandemic, this becomes more than important. Managing…
How a virtual CFO can help your business
Every business can benefit from building a financial team that includes an accountant, bookkeeper and virtual CFO, but very few small businesses have the means to do this from the…
Expanding your service offerings
If you’re looking to grow your business, you might consider expanding your service offerings. Adding additional services is a good way to increase your profitability, diversify your income and expand…