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Guide to Your Financial Reports: Tips For Starters

Hi there fellow business owners, Your financial reports tell you the story of your business; allowing you to interpret the results of your business activity. The better you understand your financial reports, the better your decision-making and results will be. We want to share the benefits of understanding your numbers, give you an overview of …

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Guide to Knowing Your Numbers In Your Business: Statement of Profit & Loss

Hi there fellow business owners, Your Statement of Profit & Loss, or Income Statement, tracks the overall performance of your business. It begins with the Gross Profit from your Trading Account then lists all overhead expenses, giving you the Net Profit. Your Net Profit (or loss) is the amount left over after all expenses have …

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Small Business Cash Flow Tip #1 – The importance of forecasting in your business

Hi again fellow business owners, Do you find yourself stressed about business cash flow problems?? Well, the first step in eliminating your cash flow problems is to identify how much income you really need. This first step is crucial and you’d be surprised how few business owners actually take the time to do it. Don’t …

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Small Business Cash Flow Tip #3 – Forecast The True Cost of Staff in Your Business

Hi again my fellow business owners, OK, so you have read my first 2 tips and have forecasts and stock management under control. What next? If you have or are thinking about staff, then this is for you. You may be thinking about hiring staff but are unsure if you can afford it? Or are …

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