One of the most stress-inducing parts of running a business is not knowing enough about your cash. How much is coming in, how much is going out, where it’s going, whether you’re covered. No fear hits quite like an unexpected bill when you’ve got a bunch of overheads that need paying. For an Estate Agency Owner, this uncertainty around cash could prevent you from:
- Expanding and opening more locations
- Increasing your portfolio
- Improving turnaround on sales and increasing profits
- Taking investment opportunities when they arise
You have ambition to grow and improve, but any Accountant would be doing you an injustice to encourage you to rush in too quickly without the financial insight to back you.
At Robson Laidler, we help Estate Agency Owners understand what’s happening in their business, so they have the confidence and cash to grow.
Confidence comes when you can understand your finances in real time and use that knowledge to reach longer term goals.
How can you improve your cash situation and gain the confidence to grow? Ask yourself the following:
Do you leverage the right technology? The adoption of online accountancy and financial software and apps can drive efficiencies and give you real time data to allow you to plan more effectively. Invoice and debtor follow-up automation tools can also help you get money quicker.
Have you got the correct access to finance? There are several funding agencies and government grants to help make money work for you. But don’t fall into the trap of getting a business loan and mistaking this cash in the bank for profit – it all has to be paid back. A sound business advisor can not only help you with the application process but will help you plan for this recovery.
Have you done a cashflow management and forecasting analysis so you are aware of your business’ health and address any corrective action? A financial projection can help you strategize where you want to be and how to get there.
Do you know when it’s your financial independence day? Wealth creation and retirement planning come hand in hand. Financial planning advice can help you understand how much money you need to make and save now to have the future you desire.
Take the first steps towards the future you want. Tell us about your business and situation, and we’ll figure out where you need to start.