The right investors could propel your small business to success. Not only do investors provide funding to accelerate growth, they also provide experience and expertise that may prove invaluable. If you’re seeking investors to grow your business then you need to prove that yours is a company worth investing in. Let’s take a look at…
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As a small business owner, it’s important to differentiate yourself from the competition, but doing so often comes at a hefty cost. According to the Small Business Administration, just below half of all small businesses survive for five years and just one in three stay afloat for over a decade. The importance of being financially…
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As a small business owner, it’s crucial that you manage your expenses well. In fact, Fundera found that 20% of all small businesses fail within the first year, so it’s vital that you develop good money management habits right from the very beginning. Small businesses tend to have smaller profit margins, so it’s essential to…
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Growing your small business can be challenging and there’s a lot to think about. However, you didn’t go into business by yourself to take the easy route and there are plenty of things you can do to grow your revenue. Let’s take a look at four of the most effective ways to dramatically increase your…
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After a sustained period of growth, business owners often find themselves in a tricky position. The business now requires an experienced professional to take charge of the finances, but hiring an in-house finance director is still out of reach. In this case, it’s time to think about hiring a virtual finance director (FD) to lighten…
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Systems run businesses. But like anything else, they require constant maintenance since there’s no such thing as a perfect system. Systems fail all the time. It’s not a comforting thought, but it’s the truth. But that doesn’t mean that you can’t fix, optimise, or change them. Have a look at the following problems that are…
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Are you having trouble navigating loans and the risks involved? Ask yourself the right questions to find out if taking out a business loan is worth the trouble. Why do businesses take out loans? The fact is that there can be any number of reasons. Some need financing to get the business off the ground.…
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As a small business owner, there’s no greater joy than watching your creation thrive. As you experience success, it’s only natural to think about growth, which is both exciting and intimidating. Starting a business is one thing but scaling up is quite another. Research by Barclaycard found that in order to scale up, you need…
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In the past, digitising a business was an expensive and time-consuming process but today it’s not only easier, it’s practically mandatory if you want to see your business achieve success. Technology can streamline working processes, boost employee morale and improve user experience. The amount of digital infrastructure available nowadays means that digitisation is accessible to…
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Not sure where you stand and where your business is heading? A cash flow forecast can give you a good idea. Before listing the components of a cash flow forecast, it’s crucial to understand the concept of what this kind of forecast is. Essentially, it’s a vital tool that helps you understand your finances. To…
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