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The second cause of poor cash flow relates to when and how money is spent in your business, and includes your Terms of Trade with suppliers. When it comes to managing cash flow effectively, it is crucial to examine the…

There’s a massive difference between profit and cash flow. Profit increases when you create an invoice for work you’ve done or goods you’ve sold; cash increases when you bank the money. Your lockup equals the cash that isn’t in your…

Cash is the lifeblood of any business. Even profitable businesses can and do fail because of poor cash flow. What’s important is that you understand your key cash flow drivers. Improving cash flow is often all about changing your processes. Processes…

In simple terms, working capital is the amount of money you have available to run your business and cover your expenses. It’s a measure of your short-term liquidity and reflects your ability to pay your bills, manage your cash flow,…

There’s plenty of advice available to help you manage your business finances. But what about the tips and hacks you need to get fully in control of your personal finances? We’ve outlined seven essential tips for managing your personal finances…