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Managing your business

General

• How not to succeed in business
• How to stay competitive
• Is your business as healthy as it appears to be?
• Protect your goodwill

Operations and processes

• Get results through outsourcing
• Benchmarking: not just a large company concern

Money, finance and cashflow

• A change for recognising business profits
• Can you cut your interest payments?
• Improve your debt collections
• How to protect your business when your customers go under
• Finding the money to develop your business
• How would the euro affect your business?

Growing your business

• The right kind of growth
• The dangers of overtrading
• Small can be beautiful

Dealing with fraud

• Identify and prevent fraud in your business
• The most common fraud risk factors
• Encouraging employees to report fraud
• What to do when you suspect employee fraud

The dangers of overtrading

Strange as it might seem, impressive sales figures and even improved short-term profits do not necessarily indicate ongoing success for a business.

Often they can be a sign of overtrading, that eventually results in reduced cash flow and all the problems that implies.

These cash flow problems can be further exacerbated by the need to invest in new assets to facilitate growth, such as premises, vehicles, machinery, computers, etc.

Cash flow problems also arise because too much capital is tied up in stock such as raw materials, finished goods, or work-in-progress. One solution to this is to implement practices such as Just-in Time, and Kan Ban, which helps to reduce capital tied up in stock and free it for use in more effective ways within the business.

But at the end of the day, the best way to avoid cash flow problems is to maintain good management accounts that will alert you to the dangers of overtrading.

We can help you set up and interpret effective management accounts. Contact us today to discuss how you can keep your business on a steady course.

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