Can you cover your day to day costs?
So how can you measure in your business your ability to cover your day to day costs? This really comes from being able to understand your "liquidity". What does being ‘liquid’ actually mean? Well, for me it means that if you had to get your hands on cash quickly to...
The Power is in The Balance Sheet
If you just check out the tagline of the logo on this website you have probably worked out that I think the power of business is in the Balance Sheet. But why do I say that? What is so special about the Balance Sheet in particular. If you've read my overview of the...
Ego In Business Is Toxic
"Ego in business is toxic". It's a piece of advice that I received from the CEO I used to work for after I had told him I was going to start my own business. It's something that I have always held on to. Those of us who start businesses have to have a level of ego and...
Funding Business Growth Internally
Most business owners want to grow the size of their business. Actually, if we really dig in to that statement it might be better to say that most business owners want to grow the value of their business. Bluntly, we all want our businesses to be worth...
The Levers of Business
As a leader in business there is a lot you need to do to manage it. This post is not going to tell you about all the operational and people issues you need to consider it is purely to describe the financial levers you have at your disposal. Each of them...
Make the Trend your Friend
Measure, Measure and Measure again is how the good saying goes... But it's rubbish in my view, unless you measure the same thing, consistently, over a decent period of time to see whether it is going up, down or sideways. I'll show you a bunch of metrics to track, and...