Category: financial management

10 Tips for Better Finance Management in Your Company

financial management One of the biggest mistakes rookie entrepreneurs make is failing to separate their personal and business finances
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How to make money in an architecture or design practice

Although it can look like the demands of business, making money, profitability, cashflow, financial management are in conflict with creating great architecture or beautiful design, the opposite is the case. Create a great business-vehicle that makes money and generates great cash flow allows you to create more great architecture.
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Ten simple strategies to make more money in your business (plus a bonus)

10 simple things to make more money in your business Making money in your business isn’t rocket science. It’s always back to the basics: Make sure you bring in more money than you let out. Here are the ten key strategies to do just that in your business. If you focus on these ten this year, I guarantee you’ll make more money this year than last year.
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The Ten Priorities; Priority #7: Managing your Finances

Ten Priorities in business, financial management The misunderstanding is that business owners generally don’t appreciate that there are two different types of accounting
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BQ Making Profit and Generating Cash Flow

The second of the 7 Big Questions of Small business. Personally I believe the question about making money is even more important than the first question about growth. Business Growth only makes sense if you end up with more money in your bank account as a result.
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BQ The 7 Big Questions for business owners who want to build Beautiful Businesses and Lives

Most business owners will come face to face with each of The 7 Big Questions of Small Business at some stage on their quest to Discover and Build a Beautiful Business and Life. If you haven’t faced all of them yet, you will, I promise you.
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How to get paid in your business

angry eyes For a small business, it can be difficult to find the balance between wanting to chase to ensure that you get paid, but also not wanting to drive your customers away by harassing them.
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Driving your business forward by getting under the bonnet

under the bonnet KPI The biggest opportunity in the development of your small business is to work out what the critical KPIs for your business are. Finding your KPI’s starts by conducting an objective review of your business from the outside looking in.  It forces you to really get under the bonnet.
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Payment terms and cash collection systems in small business

Payment Terms Cash Collection My friend doesn’t have payment terms or a collections system. And consequently, some of the people in the art world who are his clients, use him like a doormat. Time and again. Every year some of his clients think it’s ok to pay him last, after everyone else has been paid. Sometimes he doesn’t even get paid at all.
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Competition, Growth and the Red Queen

competition and growth Growth is irrelevant. I’m not sure who ever made growth such a focus in business, but he (and it’s guaranteed to be a he, btw) should have been strangled at birth.
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