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...
It’s always a little disconcerting when you get your mark up and margins confused or the wrong way round, as this can have a catastrophic effect upon the business taking it from profit to loss, and the risk of stopping after running out of cash. Yet how are we...
I was in a client meeting a few days ago when he told me, “I like coming in to see you as I feel comfortable talking to you and you take time with me to explain things.” A rare compliment but one sufficient to make you think you must be doing something right in these...
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