If I could tell my younger self anything, it would be to become self-employed sooner. While I am a person that doesn’t believe in regrets, I can’t help but imagine what life would have been like now, if I had believed in myself earlier. So why did I eventually take the leap into self-employment? Well,… Read more »

Profit First is a Cash flow system. It is not accounting or bookkeeping but a cash flow methodology. We all know that having the right systems are key for a business to prosper and grow. Yet when you ask your accountant, “What is the cash flow system you use in your business”, or “What is… Read more »

When will your business become profitable? Next month? Next year? Mike Michalowicz, author of Profit First: A Simple System to Transform Any Business from a Cash-Eating Monster to a Money-Making Machine, says it should be today. “I always thought that I could run my business on the idea that I should sell as much as I could and spend as little… Read more »

What Should Business Owners Do After They Run Out of Bounce Back Loan Money? Just a few short weeks ago, businesses that received funding during the first tranche of the CBILS and Bounce Back loan programs were considered fortunate. But now, many of those businesses have reached the end of their loan money, and business… Read more »

While this question is similar to asking ‘how long is a piece of string?’ we can tell you the costs you can expect depending on the business and the industry you are going into. Thinking about leaving employment to start up your own business is exciting. However, you need to make sure you can afford… Read more »

The first thing many people do when thinking about moving from being employed to self employed is compare their salary. They know the business charges them out for £50 an hour (for example), but they are only earning £15 an hour. Therefore, if they were to become self employed this would be money in their… Read more »

Bad money management is not a good thing and can be very damaging for businesses. In this blog post we share some tips with you to help you manage your business finances successfully. Learning how to properly manage your business finances can take time, but once you know how, business (and life) will become a… Read more »

Smart business owners will always be the ones that stay on top of their cash flow management. By monitoring and reviewing their cash flow statements regularly they keep their fingers on the pulse of the business. Running your own business can often be like riding a rollercoaster. It’s essential that you understand your cash flow… Read more »