#cashflowmanagement
Understanding margin compression and its impact on your revenue
With operational costs escalating and the market still sensitive to price rises, you’ll have seen the term ‘margin compression’ being thrown around in many small business forecasts. But what exactly is margin compression? And how does this financial phenomenon impact your sales revenues and overall profitability as a business? Here’s how to identify and tackle […]
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Cashflow & Cost Control
Right now, many businesses are feeling the pressure. Costs are rising, margins are tightening, and cashflow is under strain. More than ever, cashflow is a vital part of staying afloat, whether your business is in recovery or growth mode. Revenue, profit and your bottom line all deserve your attention. But keeping everything running is the […]
Why Every Small Business Should Have a Forecast or Budget
Running a business often feels like steering a boat through changing weather. Some months the wind is behind you, and other times the conditions are much tougher. One of the best tools you can have on board is a forecast or budget. I recently completed my own forecast for the year ahead, and I’ll be […]
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How to accept payments online – and why it’s smart
One of the best things about online shopping is instant, hassle-free payment. Enter your details, click, and you’re done. Your customers expect the same simplicity when paying your invoices. When you give clients the option to pay instantly online, you remove friction from the process. The result? Faster payments, fewer overdue invoices, and healthier cashflow. […]
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5 tips for controlling your cashflow
Is your cashflow position keeping you awake at night? You’re not alone — cashflow is one of the biggest pressure points for small business owners. The good news is that small, consistent actions can make a big difference. These practical cashflow management tips will help you improve your cash position, stay in control, and gain […]
6 secrets to getting prompt payment
If you’re struggling with late payments, and around half small businesses are, here are some simple strategies to use. Invoice without delay Your customer can’t pay until you’ve invoiced them, so make sure you send your bill promptly. Customers are also more open to paying when they’ve just received the goods or services that you […]