Featured Blog

Balancing Cashflow and Profitability for Business Success

Distinguishing between cashflow and profit is crucial for managing a successful business. Both serve distinct financial purposes and understanding their differences is essential. Profit, also known as net income, is the outcome of subtracting expenses from revenue, while cashflow reflects the movement of cash in and out of a business. Positive cashflow indicates more money coming in, whereas negative cashflow indicates more money going out.

Does your Pricing Strategy match your Business Strategy?

Is a ‘cost-plus’ pricing strategy the best for your business?

There are many pricing strategies and the one you select should align with your greater business strategy. Get to know which option suits your goals best.

How to choose the right KPIs for your business

As a business owner, it’s critical to have a good understanding of how your business is performing. After all, keeping a close eye on the health of your business is how you’ll determine whether your current strategies are working, or if you need to adopt new ones. Key Performance Indicators (KPIs) are metrics that will help to determine this.

Which Business Structure is right for you? Trusts explained

Determining your business structure is one of the first decisions to make as a new business owner. And it’s also one of the most important. Each structure comes with its own set of benefits and liabilities. So, understanding how they will impact you day-to-day is key to building a solid foundation for your new business.

Is a Partnership Business Structure right for you?

A Partnership business structure is made up of two or more people or entities. Most small business Partnerships are what is termed ‘General Partnership’ – this means that all of the partners are equally responsible for the management of the business, and each has unlimited liability for the debts incurred.

Is a Trust Business Structure right for you?

A Trust business structure is where there is an obligation imposed on a person (Trustee) to hold property or assets (such as business assets) for the benefit of others (Beneficiaries). The trustee is legally responsible for the operation of the Trust and you may have a company act in this role.

Is a Company Structure right for your Business?

A company is a form of business structure. It is an entity that has a separate legal existence from its owners. This means it has the same rights as a person and can incur debt, sue and be sued.

Is a Sole Trader Business Structure right for you?

Sole Trader business structures are quite easy and inexpensive to set up. As a sole trader, you are personally responsible for all of the operations (including debts) of your business. You also pay tax personally on the profits at your marginal tax rate.

Build a high performing finance team for your small business

When running a small business it can be easy to fall into the trap of feeling like you have to do it all, which can be overwhelming for even the most seasoned business minds. But while we may be used to wearing multiple hats, the question we must ask ourselves as small business owners is… how well are we wearing those hats?

Do you have an inside-out or outside-in business start-up?

If you are seeking wise start-up advice for a new business, you might well wonder what the headline for this blog is talking about. Bear with us while you consider these two possibilities…
– Should you start up a business doing something you’re good at?
– Should you start up a business doing something you enjoy?