Blog
Why Cash Flow Is Important To Me
[vc_row][vc_column width="1/6"][/vc_column][vc_column width="4/6"][vc_column_text]Today's blog is an introduction to a new series based on my e-book '10 Cash Flow Strategies for a Successful Business'. I share a little background of how and why cash flow is important to me in business.[/vc_column_text][vc_video...
Every Business Needs A Simple Way To Manage Their Cash Flow
[vc_row][vc_column width="2/3"][vc_custom_heading source="post_title" font_container="tag:h2|text_align:left|color:%239e0000"][/vc_column][vc_column width="1/3"][/vc_column][/vc_row][vc_row][vc_column width="2/3"][vc_column_text]We have all heard the statistics that 9 out of 10 businesses fail due to poor cash flow. Cash flow is the life blood of...
Why it is better to Ahhh! your customers than Wow! them
Yesterday as I walked into a client's office she immediately said 'ahh, I'm so glad to see you!' This reminded me of something that was said to me a few years ago by Paul McCarthy. I used to be in one of Paul's mastermind groups. He said that my goal was to get my clients to sigh and say 'ahhh'. Ahhh means Ahhh is that sigh of relief. The ahhh...
Missed Opportunities Means Lost Revenue
Yesterday I met a friend at a coffee shop about 11 a.m. to discuss how we could work together to improve our businesses, my favorite topic. Once we sat down, we were served straight away -- just a couple of drinks. We then became so involved in our discussion that before we knew it, two and a half hours had passed. At this point we noticed...
To make a profit my business needs to sell how much?
Do you know how much your business needs to make a profit? In the last blog post we discovered how much profit a your business needed to make to be able to pay its bills. We build on that concept and calculate how much the business needs to sell to make the profit you want. It is important to know how much your business needs to sell to be...
How much profit does your business need to make to pay the bills?
Do you know how much profit your business needs to make to be successful? You may be surprised. For a business to be successful and sustainable in the long term it needs to make more than just the owner's wage. It needs to cover loan repayments, increases in stock or debtors and asset replacement. Check out the video below and discover my simple...
How increased sales is costing you money
[su_quote]Sales is vanity. Profit is sanity. Cash is reality.[/su_quote] I am regularly reminded of the importance of not focusing solely on growing revenue. Obviously sales growth is vital to a business. However, there is a real danger when a business grows rapidly.... Cash flowing through the cracks When a business a grows quickly, the slight...
What can business learn from previous disasters
John D. Rockefeller "I always tried to turn every disaster into an opportunity." A disaster for an individual business does not necessarily have to be linked to a natural disaster. One debtor going out of business owing money or loss of a major customer can lead to a disaster for a business. A disaster is a disaster. What really matters is how...
No point in measuring if you are measuring the wrong thing
How can I have made a profit I have no money in the bank? This question has been asked by business owners countless times over the years. If you are not an accountant it is an understandable question to ask especially when business success is measured in terms of operating profit. If your business is profitable you assume that you are able to pay...