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Category Archives: Sources of Profit leakage
“Why isn’t there more money in my bank account?”
This is one of the most common questions business owners ask when we first meet. Their business is successful but it doesn’t seem to be reflected in their bank balance. Or if the business is doing less well “why am … Continue reading
Posted in Credit Management, Financial Operations, Practical Financial Management
Tagged cash management, financial management, profit improvement, working capital management
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Everything you wanted to know about credit management but were afraid to ask …
This blog gives a deeper dive into the themes brought up in my previous blog on Eight things you can do to make your business more profitable – 4. Tighten your management of debtors. Why give credit? The fundamental principle … Continue reading
Posted in Blog Posts, Credit Management, Financial Operations
Tagged A/R, Accounts Receivable, Credit Control, Credit Management, Debtors
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Eight things you can do to make your business more profitable
We all know they key to being a successful business is to sell more. But we’d be wrong. Most business owners are pouring money down the drain. Here are 8 things you can do to make your business perform better … Continue reading
Posted in Blog Posts, Financial Operations, Sources of Profit leakage
Tagged budgets, control, cost management, Credit Control, discounts, profit, purchasing, systems
Comments Off on Eight things you can do to make your business more profitable
FSB guidance on credit management
The Feb/Mar 2013 edition of First Voice – the magazine of the FSB – contains an interesting article on credit management. It is largely prompted by the poor payment behaviour of large customers towards their suppliers. Some of which are … Continue reading
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