Cash flow is a major headache for many businesses– if a business runs out of cash and is unable to get any funding, it will become insolvent. A business owner that focuses on profit and ignores cash flow is at higher risk of failure – by calculating your projected...
Key Performance Indicators (KPIs) are measurable values that show how effectively a business is realising its key objectives. How you measure the success of your business is vital to ensure you meet your overall strategic plans and objectives. Measuring KPIs helps you...
Are you fed up with your usual year end accounts meeting where your accountant talks you through your statutory accounts and you are not sure exactly what they mean? Year end accounts are seen by many clients as a necessary evil. So as part of our year end meeting...
Cash flow is one of the biggest challenges any business has to face and is especially time consuming for owner-managed businesses. Good cash flow management is critical to ensure the success of your business. The Horsfield & Smith team thought it would be useful...
As a business owner, your profits are your reward for all your hard work and are the only accurate measurement of your success. Profits stimulate growth, support the business owner, provide for the wellbeing of staff and determine the success or failure of a business....
What is an Exit Strategy? An exit strategy or “succession plan” is a plan for when you want to leave your business. Most entrepreneurs sell their business for a change of ownership. Executing a well thought out exit plan or strategy can significantly increase your...
