Cashflow

Postcard from Morocco – keeping business simple

keeping business simpleI’ve recently returned from a two week holiday in Morocco. Before you think of sun and sand, we are a hyperactive family and we love the variety of doing something different every day.

We persuaded our 13 and 10 year old children to climb the highest mountain in north Africa, Jebel Toubkal at 4167 metres, though we hadn’t banked on camping in a snowstorm. We also made it to the… Continue reading →

The 4 Numbers You Need To Manage Your Business

numbers you need
The numbers you need to run your business are as critical as the dashboard you use when driving your car.

Odometer, speedometer, rear view mirror, warning lights, fuel gauge and estimate of fuel remaining are the measurements in your car equivalent to the numbers you need in your business. Let’s explore these.

1. Cash Forecast

For small businesses, managing cash is crucial. It’s the equivalent of the fuel gauge. It… Continue reading →

10 Golden Dilemmas in Business

dilemmas in business

How do you keep employees, shareholders, customers, suppliers and the local community all happy at the same time in a business?

Its a juggling act that all business owners will be well aware of.

Drawing inspiration from Riding the Waves of Culture by Fons Trompenaars, I’ve compiled the 10 Golden Dilemmas in Business

1. Rewards

Either motivate employees and reward staff.

Or satisfy shareholders with profit.

2. Skills… Continue reading →

How Unwanted Baggage Dragged my Company into Receivership

company into receivership
Have you been through the pain of putting a company into receivership? It leaves an indelible mark on employees, shareholders, suppliers, customers not to mention the indirect effect on families and the local community.

Five months I worked for Praxis Tailoring in 2000 before recommending, as Finance Director, we call in the receivers. Six months before my first child, was due.

Why join at all?

Well there was a fresh… Continue reading →

Creating a Business Plan? Think Beyond the Numbers

think beyond the numbers

A business plan can appear a daunting prospect when you are seeking support or additional funding.

Don’t get hung up with the numbers – they shouldn’t appear in the business plan, but rather in the financial forecast.

The business plan is for you to tell your story in a structured way, the financial forecast is to tell the same story in numbers. Think beyond the numbers.

The business plan is… Continue reading →