Practical finance writing for business owners.
Twenty years of CFO and advisory work, distilled into pieces you can read in 5–8 minutes and apply this week.
Let’s Talk Finance
The Basics of Financial Management for Businesses “Business Language”. As entrepreneur, business owner or manager, understanding the business language is essential to maximize opportunities of success for your business. Financial management involves making decisions about how to allocate resources, manage risk, and achieve your business goals, and above all how to read, and interpret your […]
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- Read article →25 September 2024 · 1 min
How ye’ doing?
Knowing how your business is performing, as well as foreseeing what the near future looks like; are two key questions every entrepreneur wants to get answer for. In our years of experience helping businesses manage their finances, we’ve come to a conclusion that answering those two questions are enough for a business to sail in […]
- Read article →25 September 2024 · 1 min
How to design your Dashboard
Businesses require timely financial reporting of their Profit and Loss (P&L) statements as well as invoices that are yet to be collected. While these reports are just a small part of working capital, they are essential for cash flow management. However, receiving such reports daily or weekly can be quite challenging, even for companies using […]
- Read article →25 September 2024 · 1 min
Entrepreneurs’ Financial Management
Every business is working and delivering value to the market to maximize their benefits, or in financial terms, assets, or profit. Even in the case of NGOs, they collect or sponsor a cause of action to achieve set objectives that could be measured in terms of number of learners, hospitals, schools, etc. Eventually maximized value […]
- Read article →25 September 2024 · 1 min
Achieve Financial Goals
Before we dive into how to achieve your business goals, it’s important to make sure that those goals are clearly defined and aligned with your business’s true north. Defining your business goals sets your company’s trajectory and determines how you conduct your daily operations. Organizations that have well-communicated objectives are more likely to achieve them […]
- Read article →25 September 2024 · 1 min
Budgeting
As an entrepreneur, understanding the various types of budgeting strategies is crucial to creating a comprehensive budget that meets your business’s specific needs. In our discussion, we will cover six types of budgeting with real-world scenarios to help you choose the best approach for your business.
- Read article →25 September 2024 · 1 min
Strategic Growth – Mcdonalds model
Growth is the ladder businesses strive to climb to reach their ultimate goals of wealth, continuity, maximize return on investment, as form of creating value. As businesses strive achieve such financial goals, there also financial procedures, and strategies to achieve such growth, if we consider growth is a business process. This process involves key attributes […]
- Read article →25 September 2024 · 1 min
Working Capital Management WCM
Running a business is similar to steering a ship through an ocean; the skill isn’t just about initiating the voyage but ensuring it navigates smoothly through the ebbs and flows. One crucial aspect that often gets overlooked is Working Capital Management (WCM). As a financial management expert, I have seen how effective WCM practices can […]
- Read article →25 September 2024 · 1 min
Fintech for SMBs
In an increasingly digitized world, financial technology, better known as fintech, is revolutionizing the way businesses handle their finances. This transformation is fueled by innovative tech solutions that can streamline, and even automate, various financial management tasks. Here’s an overview of how fintech is influencing financial management in small and medium-sized businesses (SMBs) in the […]
- Read article →25 September 2024 · 1 min
The Art of Business Planning: A Blueprint for Entrepreneurial Success
Introduction As an entrepreneur, turning your vision into a successful reality requires careful planning, strategic thinking, and a solid roadmap. In this article, we will explore the intricacies of business planning, including the key stakeholders involved, the timeline it should follow, and how to create an efficient and effective business plan that positions your venture […]
- Read article →25 September 2024 · 1 min
Mastering Cash Flow Management: Techniques and Insights from a CFO’s Playbook
As we delve into our weekly newsletter, I thought it would be apt to share some valuable insights from my personal experience, over two decades as a CFO and financial consultant. Today, we will explore a topic crucial to the sustenance and success of your business – Cash Flow Management. Understanding the nuances of cash […]
- Read article →25 September 2024 · 1 min
Avoid the Black Sheeps
Develop a Clear Credit Policy One of the most critical steps in managing accounts receivable is to establish a clear credit policy. This policy should outline the terms and conditions for extending credit to customers, including credit limits, interest rates, and payment due dates. The policy should also specify the procedures for handling late payments […]
- Read article →25 September 2024 · 1 min
Assessing the Strength of Your Business Model: A Guide for Entrepreneurs
As an entrepreneur, your business model serves as the blueprint for your startup’s success. It outlines how your company creates, delivers, and captures value, making it a fundamental element of your strategy. However, you must regularly evaluate your business model to ensure its continued effectiveness in a dynamic market. This article offers a straightforward guide […]
- Read article →25 September 2024 · 1 min
EVA or EBITDA!
Economic Value Added (EVA) vs Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA): A view of Analysis for Business Growth, Profitability, and Performance Economic Value Added (EVA) and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) are both widely recognized financial metrics used to assess a company’s profitability and performance. However, they approach this analysis […]
- Read article →25 September 2024 · 1 min
Family Business Consulting
When you google the percentage of family businesses worldwide, the range you receive from many sources like the world bank, IMF, and others that the percentage is within 70%-90%. They employ nearly 80% of workforce with variations in every country, and region. This emphasizes that it’s huge market potential and significant economic impact even in […]
- Read article →25 September 2024 · 1 min
Start a Business
Starting a business is overwhelming and tough, it requires passion, dedication, sacrifices of ones’ money and time (most precious resources), not mentioning family sacrifices as well. Only take this step if you are not a person who adapt as employee. Employees enjoy weekends (most of the time), and they are not responsible of business gains […]
- Read article →25 September 2024 · 1 min
The 20%
In the last 6 years we’ve been working with businesses from different industries and at different growth levels: startups with no revenue or marginal profit, to well established businesses who are achieving high return on capital employed. We can categorize these businesses into two main categories, those who pay attention to details, however know their […]
- Read article →25 September 2024 · 1 min
Why a Strong Internal Control Environment Is the Backbone of Your Business Success
In today’s fast-paced business world, owners and entrepreneurs are constantly juggling an array of tasks, from strategic planning and talent management to marketing and customer relations. Amidst this whirlwind, it’s easy to overlook something as seemingly ‘back-end’ as internal controls. However, neglecting this vital component could put your assets at risk and cost you opportunities […]
- Read article →25 September 2024 · 1 min
Building Business Plans: Your Business’ GPS for Long-term Success
In the entrepreneurial world, there’s a misconception that business plans are only for startups seeking investor funding. That’s a myopic view. A business plan is not a one-time obstacle to launch your business; it’s an ongoing guide, almost like a GPS system for your entrepreneurial journey. Guy Kawasaki, in his book “The Art of the […]
- Read article →25 September 2024 · 1 min
How to Pivot Your Business for Success During Financial Crises
The Roadmap to Resilience: How Businesses Can Thrive in Economic Uncertainty Economic downturns, currency devaluations, and soaring inflation rates can be a business leader’s worst nightmare. These challenges can erode your return on investment to the point where you’re barely breaking even—or worse, operating at a loss. So, what’s the game plan when you find […]