If work is life and life is work - what does it matter if I pay for this personal item on my business credit card? It’s all my money, right? Not quite. Separating your business and personal finances is simply smart business. In fact, it may help you raise capital later on.
Topics: Financial Management, Raising Capital
Most successful business owners wouldn’t be where they are today without having borrowed money at some point throughout their journey. Loans often give entrepreneurs the financial boost they need to scale their business and reach more customers. However, for every success story there is a cautionary tale. It’s important to do your due diligence and make sure that taking on debt is the right move for you.
Topics: Raising Capital
When it comes to looking after your business assets, safeguarding against risks is your best protection. Here are five tips to minimise potential risks for everyday businesses.
Topics: Financial Management
Keeping the balance sheet “out of the red” is a top priority for any business owner. To do this and “stay in the black”, it’s important to be regularly scanning the horizon for any signs that you could be heading towards rough financial waters. There several indicators of potential financial trouble.
Topics: Financial Management
Focusing too heavily on financial KPI’s can actually jeopardise their results. Non-financial KPI’s (explained further below) are mutually beneficial to financial objectives, which means for best results, they should be measured together. It’s important both sets of KPI’s are in alignment with your organisation’s overall goals.
Topics: Financial Management
