Managing cash flow isn’t on any entrepreneur’s mind when starting a business. However, it is a crucial part of running a business successfully, because it isn’t possible for a business to sustain itself without adequate cash. This is true even for businesses that are growing exponentially and performing well. So […]
Tag Archives | cash flow
There are so many intriguing layers to running a business. Though you may have the best products and services in your industry, they all mean nothing if you can’t properly manage your cash flow. You need cash to adequately market your products and services, hire and pay staff, manufacture and […]
What have you been reading this summer? Every person reading this post likely has a different answer. Some prefer lightweight reads in the summer months such as young adult fiction or romance novels. Other prefers historical fiction, political satire, or biographies. Maybe sci-fi and fantasy are more your speed. Whatever […]
Cashflow is the life-blood of any business. By correctly managing the money that is coming into and out of your business, you will not only keep your business alive but allow it to thrive. However, even the most profitable business can fail if it run’s short of cash.
Join Balbriggan Chamber Lunch & Learn to pick up some excellent tips on how to improve your cash-flow and guarantee your business is thriving.
Embarking on a small business venture takes courage, lots of energy, and a willingness to take risks. This guide to buying a small business, instead of starting a new business from scratch, will showcase several advantages that buying an established small business venture offers. The current owner has already done […]
For better or for worse, the Conservative government achieved a majority vote this election. For business owners, it will probably come as no surprise that things are about to get a lot easier for us financially and legislatively. But just what have the Conservative party promised for small businesses? Let’s […]
ManagementWorks is hosting a FREE half-day workshop in Dundalk on the topic of “Growing Your Business – How to improve sales, cash-flow and profits.” The workshop is open to SME Owners and Managers in the region. It will be delivered by ActionCOACH Business Coaching Ireland and will focus on the key drivers of growth and profitability in small businesses. It’s an opportunity for you as a manager to take a step back from your business for a few hours and to think about the actions you need to take to generate sales, improve cashflow and increase profits.
For more info visit http://www.managementworks.ie/events/free-workshop-growing-your-business-dundalk-0.
Good accounting system and routine. Do you actively manage your business cash flow or does the lack of cash govern the way you manage your business? A tighter credit control system can help a business to identify potential bad debts and take appropriate steps to reduce them, and ultimately get […]
I have worked in various businesses over the years, and one of the main areas of concerns for the managing directors was cash flow. “Lets Get Paid On Time” is what one ex-boss shouted at us. Some business owners manage cash flow beautifully, and some plod along and seem to […]
Cashflow is not just accountant-speak. Cashflow is all around you. Case in point: as a business owner, you might have had the experience of coming up with a brilliant revenue idea, with the potential for huge profits, but you had to let it go. Why? Because you didn’t have the […]
I gave a presentation about managing cashflow recently and one member in the audience confided to me that the issues I had highlighted were exactly the kind of problems he was running into. He would forget the all-important time factor: calendar dates will make or break your cashflow. Have a […]
The 1st February 2014 is the date by which the existing national euro credit transfer and direct debit schemes will be phased out and replaced by the European SEPA alternatives. After this date, rather than using sort code and account numbers to identify bank accounts when making payments, organisations will […]
A stabilisation in employment, converging economies, cost-cutting and a problem with debtors are the main issues to emerge from the latest InterTradeIreland quarterly Business Monitor released today. Employment has stabilised The Q1 2013 Business Monitor reveals a stabilisation in the employment levels across the island. In the last three months […]
Hiring a collections agency can be a tricky matter. From finding the right firm to making sure you’re placing an account with them at the right time, involving a collections agency in your business is serious stuff. As a small business that leases products or offers payment plans for purchasing, […]
Silicon Valley Bank specialises in finance banking for IT, life sciences and so-called clean technology. The bank has branches worldwide in Israel, India, China and now in the UK for whom they have been doing business with since 2004 through an affiliate. Ireland has now crept within their radar, SVB […]
Having listened to many politicians over the past few months paying lip service to the need to help SME’s create much needed employment in the Irish Economy and having kept a watchful eye on the E Tenders website for suitable tenders, I have come to the conclusion that I am […]
We’ve been hearing more and more about the problems startups are having with finance and funding. Last week, we looked at what startups actually spend their money on. Following on from that, this week we’re going to explore the various avenues and sources of finance. However, before you start sourcing funding, make […]
Controlling debt is a key part of income control. Customers should be sent reminders in advance of the due date of payment. Payment by direct debit and credit card will also help cash flow. Do however check the creditworthiness of new customers and review the credit limit and terms of […]
Managing your cash flow is the single most important factor in surviving in business. It is one of the major challenges to arise out of the current economic climate for almost every business owner. Assets need to be evaluated, liabilities assessed and all income and expenditure items should be critiqued […]