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FOOD FOR THOUGHT

10 questions to determine the financial health of your business

Posted by Ash Clarke on January 25, 2017

Before you consider raising equity, it’s important to get your finances in order. Here are ten questions to ask yourself to help determine the financial health of your business.


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Topics: Raising Capital, Financial Management

Separating your business and personal finances may help raise capital

Posted by Matt Smith on January 12, 2017

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.

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Topics: Raising Capital, Financial Management

What does a strong balance sheet look like & why is it important?

Posted by Ash Clarke on June 03, 2016

Businesses with strong balance sheets are more likely to survive economic downturns and be ready to thrive when the going gets good again. So what does a strong balance sheet look like, and how can you take steps to strengthen yours?

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Topics: Financial Reporting, Financial Management

The importance of protecting business assets

Posted by Matt Smith on June 01, 2016

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. 

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Topics: Financial Management

What is the true cost of external finance?

Posted by Matt Bellingham on May 26, 2016

Taking on external finance is a necessity for most growing businesses. However, business owners should have a robust understanding of the pros and cons of external finance before entering into an agreement, and have a repayment strategy in place from the beginning.

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Topics: Financial Management, Raising Capital

Is your business in financial trouble? How to spot the 'Red Flags'.

Posted by Matt Smith on May 24, 2016

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.

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Topics: Financial Management

What are the 3 main uses of net profit?

Posted by Fono Sosene on April 29, 2016

How should I spend my net profit? This is a question most business owners grapple with when their business starts to run at a profit.

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Topics: Financial Management

Aligning financial and non-financial KPI's to boost your business

Posted by Matt Smith on April 27, 2016

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.

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Topics: Financial Management, Business Improvement

How do you know when it's time to change accountants?

Posted by Fono Sosene on April 08, 2016

Deciding to change accountants can feel like a big step, but as your business grows it may become a very necessary one. So how do you know when it’s time to make the switch? Here are five questions to ask yourself before making this important decision.

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Topics: Financial Management

3 financial performance measures every board member should be tracking

Posted by Aaron Wallace on February 10, 2016

Maintaining a financially healthy and profitable business is a challenge that rests on the shoulders of every board member. Left unchecked it is easy for profitability to be gradually eroded away.

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Topics: SME Governance, Financial Management