06/08/2020 No Comments
Effectively managing cash flow is one of the most critical skills business owners must possess if they want their companies to survive and grow profitably. Yet creating an accurate cash flow forecast is complicated because it involves measuring and monitoring many variables and making educated guesses about the performance of the company. For business owners […]... Read More
30/07/2020 No Comments
Every business needs to have a certain amount of sales to cover their fixed costs and that becomes a challenge for businesses that are running at or below break-even. Right now, for many businesses, it’s critical to get to break-even quickly. So understanding your breakeven point and being able to evaluate your fixed costs to bring […]... Read More
23/07/2020 No Comments
Right now, a lot of businesses are having to adapt their offerings (or to use an overused buzz word – pivot) to respond to the changing needs and priorities of their customers. You may, as a business owner, need to rethink, reimagine your business and figure out a way to serve your customers in the […]... Read More
09/07/2020 No Comments
Many business owners will say they want to develop an exit strategy because they’re fed up and want out of their business. However, there is a profound relationship between the valuation of the business and its stage of development. Say for example a business is cash flow positive but the owner is working 60-80 hours […]... Read More
25/06/2020 No Comments
When the COVID-19 pandemic hit, small businesses across the globe were forced to either adapt quickly or shut their doors, in some cases for good. It is easy to blame governments, weak areas in the economy, and the virus itself for the problems that have emerged over the last few months. For some businesses and […]... Read More
18/06/2020 No Comments
When the COVID pandemic hit, business owners had to suddenly shift from focusing on big picture strategies to short term tactics. And the most important tactic is quite simple: to survive. So how do you ensure that your business survives? In short, you change your focus. The ability to adapt and carve out space for […]... Read More
