Now, more than ever before, it’s vital that SME business owners understand their key numbers and ensure that the accounts function in their business is fit for purpose and helping to improve profit margins and cashflow.
If the past 2 years have taught us anything, it’s that we all need to be increasingly adaptable to what’s happening in the world around us.
If you want to grow your business, you need to get to grips with your key numbers – and what they really mean to your everyday operations, as well as your longer-term plans.
Think back to the beginning of your business, when it was just an idea, a dream, a vision. Setting up on your own was the ideal. You could have a good work-life balance and focus on your passion. You were driven by the love of your business and what you do.
Learn the secrets of how the most successful businesses use their numbers and data to leverage opportunities to improve their profits and cash, and spot areas that aren’t performing.
The fundamental principles of financial planning don’t change when uncertainty rears its ugly head. But planning for uncertain times calls for a couple of extra ‘safety net’ scenarios…