Hey there, business owners! Word on the street is that the economy might hit a rough patch. Just crossing our fingers and hoping things will be okay? Nah, that won’t cut it. We need to roll up our sleeves and get ready. So, what’s the game plan? I have some advice. How about setting up …
Brace Yourselves, Business Owners! Rough Waters Ahead. Read More »
Hey there, business owners! Ever wondered why the money you see on your profit statement isn’t the same as the cash in your bank? Let’s dive into it. 1. The Basics: Accrual Accounting Most companies, including yours, use something called accrual accounting. It’s like keeping score in a game. Just because you scored doesn’t mean …
Hey there, business owners! Ever felt like financial jargon is like a foreign language? You’re not alone. I’ve met loads of business owners who get tangled up in money talk. So, let’s break it down and make it as easy as pie. Sales = Revenue: Think of this as the ‘top line’. It’s the cash you …
Hey there, business owners! So, here’s a story that’s got everyone talking. It’s about a UK’s company, Valeside Catering Contracts Ltd, and some questionable decisions made by the big financial players. The Backstory: Valeside, a solid business raking in about £2mln and employing 50 folks, hit a bit of a rough patch. Cash flow issues, …
Did a 2mln Company Get Unfairly Shut Down? Let’s Dive In. Read More »
