Understanding and Managing a Cash Gap in your Business

Understanding and Managing a Cash Gap in your Business

Let’s look at one of the tougher challenges for many businesses; what’s commonly referred to as a ‘Cash Gap’. 1. What is a ‘Cash Gap’? It’s a lag which occurs between Income and COGS (Cost of Goods Sold). A business may still suffer from overall cashflow issues for a...
The Essentials of Properly Managing Your Cashflow

The Essentials of Properly Managing Your Cashflow

1. Do you really understand what cashflow is and what it isn’t? I ask that question with all due respect. We’ve all probably heard the saying ‘Cashflow is King’, and while agree with that, as I mention in my book ‘Would you like profits with that?’ I would prefer to...
Managing Income Streams & Your Customer Base for Profit

Managing Income Streams & Your Customer Base for Profit

Income Streams are different types of Income reported and recorded in your Profit & Loss. For example, Project Work, Maintenance Work, Commercial, Residential etc. Your Customer Base is the number of unique customers you do business with in a given financial year,...