Category: Financial Management

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How to raise money for your franchise

Added by 7 years ago

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To understand where you can go to acquire the necessary capital to start, better manage, or expand your venture, you must first become acquainted with the various types of money available, how it is generated, and in ...

How to share out the profit cake

Added by 7 years ago

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People are in business to make a profit. The question remains how best to access those profits? At the end of each financial year, or better still, just before the end of each financial year, you should make a decisio...

How will you finance your expansion?

Added by 7 years ago

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When you are ready to expand your business, your greatest problem will probably be finding enough cash to upgrade existing equipment, or to buy additional equipment. The alternatives available to you include: U...

Keeping tabs on cash, cheques and credit

Added by 7 years ago

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Most small businesses have to deal with cash at some time or other. While people will often pay invoices with credit cards or cheques, there are still those who prefer cash. This can be difficult to keep tabs on. T...

Keeping your books in order

Added by 7 years ago

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There are two reasons to keep records of your business: they're required by law, and they're useful to you as a manager. Records must be kept to work out the tax liabilities of your business. The records must be pe...

Looking in the crystal ball – forecasting cash flow

Added by 7 years ago

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Having sufficient cash flow is essential to the survival of your business. Therefore, you also need to predict how much is coming in, from where and when. If your accounts are accurate and up-to-date, you can exami...

Managing your petty cash

Added by 7 years ago

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We do not yet have a completely cashless society. This is unfortunate for business owners, because managing petty cash is time consuming and often prone to error - out of all proportion to the amount of money involved...

Options for financing long term assets

Added by 7 years ago

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When you are ready to expand your existing business, your greatest problem will probably be finding enough cash to satisfy your expansion agenda. The alternatives financing options available to you include: Using...

Putting the right accounting and business systems in place

Added by 7 years ago

152 Views0 Comments

Good financial management is the key to maximising profitability. And for that you need good accounting and business systems. Recording your financial transactions accurately becomes more of a challenge as you expa...

The importance of managing your cash flow

Added by 7 years ago

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Cash flow planning is critical to the growth and survival of your business, because if your business does not have the necessary cash on hand when it is needed, it will almost certainly have to close down, no matter h...