cashflow
Make Your Cash King
The construction industry is a volatile one and everyone knows cash is king… Or do they? Unfortunately it is all too often that I hear business owners (across all industries) obsessed with their turnover and I find myself constantly repeating the old adage ‘turnover is vanity, profit is sanity, cash is king!’ This…
Read MoreUsing online invoicing to improve cashflow
Invoicing, by it’s very nature is one of the most important elements of any successful business. No matter how good your products or services, no matter how strong your sales team, if your invoices aren’t issued timeously and accurately, as well as being paid on time, all your efforts could be wasted. Invoicing, by it’s…
Read MoreBudgeting – managing various parts of the business
Business budgeting has long been acknowledged as one of the fundamental keys to sound financial management. Granted, some very small businesses may only ever produce a budget under pressure, or to obtain funding from a bank, but as businesses grow then accurate and up to date budgets become extremely useful indicators of how well (or…
Read More