SMEs know that stressful feeling when invoices get paid late

Every minute they’re not paid can hinder growth and distract you from staying laser focused on building on what you already have.

Running your business offline? It's time you explored cloud-based software and its incredible benefits.

Cloud software has been filling a huge cost gap for SMBs between graduating from a micro business to a larger turnover enterprise that requires expensive ERP software to run the operation. Thankfully, as a business grows it can now take advantage of low cost add-ons and cloud-software before making a huge leap up in costs. The biggest issue to date that we see is businesses owners paying for ERP systems when they really only require a few of the components with the rest being underutilized.

Image credit: The Flash (1990 TV series)

For a cash flow forecast to be useful you’ll need to get your guesswork as accurate as you can.

It’s not uncommon for profitable businesses to get strangled by unexpected cash flow problems, but by forecasting and planning your expenditures you can give yourself the best chance of making it through any turbulent times.

You’ve romanticised about the valuation of your business before, everyone has at some stage.

There are times in the business lifecycle when valuing your business needs to be more than a fleeting thought experiment, e.g. capital raising, investments, divestures and sale. Business valuation is a deep and complex topic performed by people with sound knowledge in financial theory. The business owner is not expected to be skilled in this area however there are concepts the business owner should understand in order to assist them in conversations and drive their desired outcome (likely a higher valuation). First some base cases…