Month: May 2021

How to Ensure that Your Small Business is Both Competitive and Financially Conscious

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As a small business owner, it’s important to differentiate yourself from the competition, but doing so often comes at a hefty cost. According to the Small Business Administration, just below half of all small businesses survive for five years and just one in three stay afloat for over a decade. The importance of being financially …

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The Five Vital Components That a Good Cash Flow Forecast Must Have

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Not sure where you stand and where your business is heading? A cash flow forecast can give you a good idea.   Before listing the components of a cash flow forecast, it’s crucial to understand the concept of what this kind of forecast is. Essentially, it’s a vital tool that helps you understand your finances. …

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Why Do Systems Fail? (And Five Things You Can Do to Build More Resilient Systems)

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Systems run businesses. But like anything else, they require constant maintenance since there’s no such thing as a perfect system. Systems fail all the time. It’s not a comforting thought, but it’s the truth. But that doesn’t mean that you can’t fix, optimise, or change them. Have a look at the following problems that are …

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The Four Killer Distractions That Reduce Productivity

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Optimising the workflow isn’t always as straightforward as it seems, with inevitable distractions frequently present in the background. Here are some of the worst offenders in that regard. Every business strives to make its processes as efficient as possible. However, there are various distractions in the workplace that can be unavoidable. Some can be latently …

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