Cash flow is the lifeblood of your business. Successful cash management in business not only increases the chances of your business succeeding, but also improves your productivity, reduces debt, and increases liquidity to fund future growth. The way you tackle cash management in business depends upon the individual circumstances of...
Business forecasting is an essential part of running a successful, sustainable business. Being able to predict (with as much certainty as possible) and prepare for whatever is coming around the next corner ensures that your business has the maximum chance of success. Without forecasting, you leave a great deal more...
Early payment discounts can be a proactive way of minimising late payment, increasing customer loyalty, maximising profits and improving supplier relationships. When used strategically they can strengthen the whole supply chain – suppliers can recoup cash faster to bolster their working capital, and buyers can use the savings to reinvest...
There are many benefits to be had from maintaining a creditworthy business. As well as being able to access more forms of credit, your business can also enjoy more cost-effective credit terms, swifter decisioning and a stronger strategic standing when negotiating with trading partners. Here we look at five tips...
When approaching investors and lenders, the larger the degree of risk that’s perceived in your business, the less favourable the terms you are offered will be. A well-researched bottom-up revenue forecast will help to persuade those investors and lenders that your business model is economically viable, and help to reduce...
An unmanaged cash flow gap can cause serious problems and put a business at risk of failure. Through a combination of sound strategy and the right finance product, businesses can take control and manage short-term cash flow gaps, boost growth and optimise their supply chain. Here we take a look...
Are you looking to take your business to the next stage, to grow and evolve? At key stages of its development, most companies will find that they need business funding. Having the appropriate finance in place to allow you to achieve your goals and maximise your chances of success is critical....
How do you turn an underperforming, marginal operation into a world class business? According to Sir Dave Brailsford, the man who masterminded Team GB’s decade of dominance in track and road cycling, you do it by focusing on improving the little things. In an increasingly competitive world, operational efficiency enables companies...
Responsible business borrowing can in many instances be the smartest option for your business. Obtaining extra funds to support growth, supplement working capital and enhance your processes is a fundamental part of a flexible, growth-focused financial strategy. When we talk about business borrowing here, we are concentrating on the taking out...
Managing working capital is important to the success of any business. If you have already understood the importance of cash flow, then maybe it's time to take stock of your working capital, or share the merit of managing working capital to your team. As a CEO or FD, it's easy...