The foundational goal of any business is to make a profit. As a business owner, that’s one of your key financial aims – to make enough sales, at a big enough margin, to generate profit from your enterprise. But how does profit differ from cashflow? And why is cash...
For small business owners, the UK balance sheet is more than just an obligatory statement—it’s a critical document that clarifies your company’s short-term liquidity and long-term viability. In the UK format, the balance sheet typically follows a straightforward...
To understand the financial position of a business at a specific point of time, look at the balance sheet. The balance sheet may also be called the statement of financial position. Together with the Profit and Loss Statement, and possibly other reports such as the...
‘Uncertainty’ has been the defining phrase for the first half of the 2020s. The markets are unstable, supply chains have been wobbly and finding talent has been difficult. But as we head into 2025, and the second half of the decade, what are the major business...
Effective expense management is crucial for sustaining growth and ensuring profitability of your business, while ensuring you have a smoother journey along the way. Whether you’re a start-up or an established enterprise, maintaining control over your finances...
The Bank of England recently announced a drop in the UK base interest rate, with a drop from 4.75% to 4.5%. The final impact of this drop can be both positive and negative for your small business, so it’s worth understanding the effect that interest rate changes can...
