Try these insider tips for financial health
James Akin-Smith
The CEO Coach? | Guiding CEOs, business leaders and entrepreneurs to accelerate their path to business success to achieve personal freedom | Business Coach | Trusted Advisor & Mentor | NED, Chairman & Angel Investor
Almost a quarter of business owners ignored the financial health of their business in 2022, according to a study by PayPal. Yet, cash is the oxygen of a business and critical for business success. In this month's Toolkit, you'll discover some of the ways in which you can keep a strong grasp of your business finances and not only survive but thrive.
3 Quick Actions to Do NOW:
Here are three weekly habits that will help you stay on top of your numbers and in control of your company's financial performance.
1. Check your key financial reports such as balance sheets, cash flow statements, and profit and loss statements
2. Monitor your sales and expenses so you can spot trends, opportunities for growth, and areas where costs could be cut
3. Track your cash flow so you know what's incoming and outgoing, which empowers you to identify potential issues early
Whether you're looking to grow your business, raise finance, or prepare to sell, James has the real-world experience to guide you to success.
James' Tips & Tricks
Sir Richard Branson once said, "Never take your eyes off the cash flow because it's the lifeblood of business." Find out why managing cash is the key to long-term business success in this short video.
领英推荐
Book/Video Recommendation
“It doesn’t take money to make money.” That's the fascinating premise behind Brandon Leibel's TED talk where the SoundCloud co-founder reveals how to achieve business success with little to no funding.
On the blog:
I know from experience that burying your head in the sand when it comes to business finances will come back and bite you. Discover the power of profitable sales and proactive cash management in my blog All Businesses Are Maths Businesses.
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