In August, like many people of my age, I read, with some sadness, about the death of Gerd Müller, the legendary German striker. I always have that image of him hooking the ball past Peter Bonetti to knock us out of the 1970 World Cup quarter final. Müller was a...
Many companies will experience short-term trading and cashflow issues during their lifetime. If these become significant and the company is unable to recover, then the Directors may need to consider placing the company into insolvency. In law, a company is insolvent...
At a recent UK200Group event in London, I was discussing the demand that was in the marketplace for services like Financial Mentoring. The person to whom I was chatting agreed that it wasn’t strong but that was probably because clients didn’t recognise what it was....
We are all aware of the importance of maintaining a positive cashflow from month to month if we are to avoid a liquidity crisis and all the misery that entails. But there is a lot more to cashflow management than simply avoiding crises. Actively striving to increase...
In business, your profits are your reward for your endeavours. In fact, profitability is the only reliable measurement of a business’ success. Profits are the very lifeblood of a business. They fuel growth, support the owners, provide for the well-being of the...
Any business, whether it is just starting out or is considering the next stage in its development, will need a business plan. A business plan serves several important purposes. Perhaps the most obvious is to help raise funding. A business plan is the document that...
