Is my business ready for End Of Financial Year? In the lead up to June 30th, there are a number of steps small business owners can take to prepare themselves for this end of financial year and for the future. The first step is to ensure that all of your financial...
Performance and Profitability – Know your KPI’s Not moving forward in your performance and profitability? Not understanding the way forward? Key performance indicators are used by businesses of all sizes. KPI measurement uses data you already have, to show how well...
Preparing to Review for Your Tax Year Good business practice adds value to any business. Identifying tasks that must be done to keep a business in good shape, and ensuring those tasks are carried out consistently and regularly will be a huge help when the end of...
If Your Profitability Aim is Nothing, You’ll Hit it Every Time So many people, just do things, without any real aim in the doing of it. If one has a plan, and a mission to accomplish, then there is a target to aim for. However, aiming at nothing means you have no...
End of Year to Do List ! The end of the financial year is a good time to review your business. It gives you the opportunity to rule off the past year and start afresh. However, do not fall into the trap of rushing through the review of the current...
Having cash flow problems? Not knowing your numbers? Not knowing your profit and loss? There is one solution that can help you gain better control - Budget! Okay, so you have just purchased your business or have a small business and you know your sales income but...
Having cash flow problems? Not knowing your numbers? Not knowing your profit and loss? There is one solution that can help you gain better control - Budget! Okay, so you have just purchased your business or have a small business and you know your sales income but...
Prepare a cash flow budget - to suit your business. This sample cash flow budget is set out to forecast receipts and payments for each month and quarter. You may wish to prepare a cash flow budget for a week, month, a quarter or a whole year. Your own cash flow...
Review Your Balance Sheet Understanding Your Balance Sheet We are now half way through the year and it is time to Review how you are going by looking at your Balance Sheet. By doing this in fine detail you can learn a lot from the figures. The first question you may...
