Welcome to our blog!
Welcome to our blog!
You can’t look at the internet or turn on the TV at the moment without seeing something about the economic damage that the coronavirus pandemic is causing. There are, though, signs of us coming to the end of the worse of the lock-down, which is great news for businesses and the economy. But, just like […]
At some point in your career, my guess is you will have done a Myers Briggs test, or at least a version of it. Myers Briggs famously created a range of leadership personality types and gave them enigmatic names like The Commander, The Teacher and The Dynamo. This got me thinking. What do our personalities […]
I was intrigued to see the results of new reseach by Pay.UK (they’re the people who run BACS and Direct Debit payment services) into the link between late payments and the mental health of business owners. I have long known that cash flow management in general, made worse by late payments, is a major contributor […]
If there is one thing you need to be able to do to work out exactly where you stand with your finances, it is reconcile your bank account. There are lots of complicated definitions of reconciliation (and if you are an accountant, they all have their place), but for most of us it simply means […]
A lot of cash flow management gets focused on your customers. How you can sell more, get paid more quickly and avoid costly bad debts. On the other side of the coin, the more cash you can retain in your business through the terms you agree with your suppliers, and the longer you can keep […]
I was particularly taken by a blog post that I came across recently on the Mente website. Titled Entrepreneurs, business owners and poor mental health, the post resonated with me on a number of levels, so much so that I feel compelled to share it and add a personal perspective. If you’ve not come across […]
I’ve touched on work-life balance in a few of my blogs, normally in the context of making the management of cash flow easier. The topic is, of course, far bigger than that. Finding the perfect work-life balance is one of the most difficult areas for business owners to focus on. There are too many other […]
Cash is a funny thing in business, it seems to be there one minute and gone the next! But where does it all go and what can you do to manage it better? There are three ways of generating and spending cash and all of them need to be understood and looked after really well. […]
So, you think you’ve got everything fully reconciled and you know within a few £’s what your cash position is going to be over the next few days: all of your suppliers’ invoices are entered into your cloud accounting system, along with the invoices you’ve issued to your customers, your employees are entering their expenses […]
I was intrigued by a recent survey by Yorkshire Bank into the state of mind of business owners up and down the UK. According to the research, only 58% of small business owners classify themselves as happy in their day-to-day working lives and 85% are stressed to some level at work. The ‘always on’ culture […]