Small businesses tend to be structured in a way that the strategic direction of business is determined by the instincts of the owners. This is fantastic for keeping a business agile but may also lead it into financial difficulty without an independent financial cashflow forecast. Most business owners I […]
Tag Archives: business advice jesmond
08
Dec
Dec
Do you need an organisational review for your business? Are you overwhelmed by the number of different tasks you’re trying to manage in your business? Many businesses do not have absolute clarity around their team’s defined roles and responsibilities. This often results in owners wearing too many ‘hats’, meaning […]
06
Oct
Oct
If you have the responsibility of managing a team then you may be aware of some challenges that are hindering your teams’ performance. Underdeveloped teams need to be addressed promptly before low morale and skills gaps turn into ‘runaway poor performance’, which in its extreme can result in a total […]
03
Aug
Aug
A common issue in business occurs when business owners don’t fully understand how profit their business is generating. The Importance of understanding profitability: Financing – Understanding business profitability is important as profits influence financing decisions such as obtaining loans from banks. Dividends– Profitability is also important when extracting dividends […]
21
Jul
Jul
As a business owner do you find you are wearing too many hats? If so you may need to run an organisational review on your business. In order for a business to run effectively and efficiently there needs to be a clear organisation chart, which visually defines departments, functions, roles […]
19
Jul
Jul
Legal restrictions in place in respect of Covid-19 start to end today (Monday 19th July) in England, Wales and Scotland. Each country is taking a slightly different approach to timings and some of the detail around what is required, but in all countries, there is the start of an easing. […]
13
Jul
Jul
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 […]
22
Jun
Jun
Where do you want to go with your estate agency business? From our experience working with Estate Agency owners, we know two things to be true: You have a desire to improve your business in some way – not necessarily to grow and expand, but to create greater freedom for […]
01
Apr
Apr
As everyone who’s ever started their own business can confirm, cash is king. Without a steady flow of capital into the business, your ability to expand – and even to stay afloat – is likely to be severely compromised. That’s why cash flow management and forecasting play such a vital […]
11
Mar
Mar
We receive a lot of questions along the lines of “how can I plan more efficiently?” or “how can I access my information in real time?” The answers all come back to one key element that not many of us have a lot of – time. Here’s our top three […]
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