Get your cashflow in order for the new financial year
“Cash is king” might be a trite expression, but it really is vital for small businesses. Following the five rules below in the new financial year will help ensure that cash serves you – rather than the other way around. Get your invoicing right Anyone who runs a business will know that invoicing […]
10 ways to set yourself up for the new financial year
With the new financial year looming now is a great time to do some groundwork and set yourself up for the new financial year. Start by considering your business cashflow over the past 12 months, what as good, what not so good, then take action to ensure that it improves over the next […]
Planning for business success
Well this financial year is almost at an end, so how have you done? Are you happy with your business performance to date? Have you achieved all of the goals you set yourself? Now is the perfect time to review your business performance over the past year. Take time to identify what you […]
How To Write Effective Performance Reviews To Deliver Business Improvement
Any successful business knows that you can’t strive for ongoing performance improvement within the business without getting your staff onboard. Your employees will be key to delivering and maintaining your performance improvements, therefore it makes sense to ensure that you are targeting and measuring them inline which the behaviours you need to maintain performance […]
10 tips to improve your business performance today!
Most business people would say that improving their business performance is a key goal for the next financial year. This is a very broad goal so where do you start? Below we have outlined our top 10 tips that if you follow will assist you in achieving your goal of improved business performance. 1. […]
7 Ways to Improve Workplace Productivity
The success of any business, large or small, depends largely on nurturing an efficient, productive workplace. While improving employee productivity should be always be a priority when the ultimate goal is a sustainable and profitable business, the process is easier said than done. Below are some of the most effective methods of managing a productive, […]
Using KPIs to monitor and improve business performance
The key performance indicators (KPIs) for one company will invariably be different from the KPIs of another firm. The challenge is to select which KPIs are best suited for measuring the goals and progress of your particular business. You major focus may be on customer satisfaction or profitability. Whatever your focus for the financial year, […]
Improving Cash Flow – How to Collect From Your Customers
Extending credit to customers (whether they’re individuals or other businesses) is like making a pact. You do them the favour of letting them have your products on the assumption they’ll have the funds to pay for it later on. What do you do to make sure this pact between you and the customer is honoured? […]
Cash Flow Surplus: To Invest or Pay Off Debt?
Some days you may find you’re more than satisfied with the results of a hard day’s work – your business has earned significant cash surpluses. A cash surplus happens when your cash inflows exceed the amount you need to run the business within the time period you’ve budgeted for or even beyond. Aside from […]
5 Ways to Manage Your Cash Flow like a Pro
Want to know two things that set apart business owners who are also experienced in managing cash flow? They’re pro-active with sustaining their finances and they’re never caught off-guard. Learn how to manage your cash situation as confidently as they do by taking note of these expert tips: 1. Focus on cash, not profit. A […]
