Why it Counts to Understand the Numbers

As the business owner you are not expected to be the finance expert. However, you must understand your financials and your cash flow. Many business owners who have run their own company for many years are often too proud to admit they do not fully understand accounts and finance. Do not be one of them!…

Don’t Let Debts Overwhelm Your Cash Flow

The popular saying goes “another year older, another year wiser”. We are all certainly a year older, but are we any wiser? The twelve-month anniversary of lockdown was last week. When Boris Johnson gave us a very simple instruction to stay at home and said that the restrictions would be reviewed in three weeks, did…

Dear Mr Sunak, Please Do Not Betray Entrepreneurs

SMEs are the lifeblood of the UK economy. The owners of many of these businesses have been the risk takers and the creators.  They have created thriving profitable businesses, perhaps having taken the risk to leave employment themselves, and to employ others often to their own short-term detriment. In many cases the business owner is…

Controlling Cash Flow is a Key to Survival

A focus on cash for many businesses is vital for the challenging months ahead, writes CRAIG ALEXANDER RATTRAY “Cash is king”. A phrase that has been used over the years to highlight the advantage of holding cash compared to other assets. For the typical SME business owner, never has this phrase been more important. Anyone…

A Growing Business Also Creates More Risk

A Growing Business Also Creates More Risk Many business owners have multiple opportunities but a combination of fear and uncertainty, a lack of knowledge of how to do it and the related financial implications, as well as a lack of finances, prevents them from taking advantage of these growth opportunities. Like many finance-related problems and…

How To Run Your Business From The Beach

How to Run Your Business From the Beach Despite widespread expectations, the Chancellor did not make any changes to the capital gains tax regime and business asset disposal relief in the Budget. So, what now? Most commentators expect the changes are inevitable and, sadly, I agree.  We can safely predict that the new regime will…