Know your numbers Business Advisors Ltd
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Building financial confidence and driving profitability for small and growing businesses through budgeting, forecasting and data analytics.
Give us a call for a free consultation.
07778-691013
Plan ahead
Almost half of UK`s small businesses have experienced barriers when trying to access finance for day-to-day survival or growing their business (b-north.co.uk).
Financial forecasting is a key element for operational success. It helps you to understand where your business is standing, where is it heading and to use the resources already available to you in the optimal way.
You don`t need to put yourself through business school to understand the fundamental financial concepts, we can provide training and coaching which suits your needs. Let us help you manage your cash-flows, forecast your sales, plan your savings and grow your business.
27%
Pricing
Setting the right price can be a headache for small businesses. A number of factors need to be considered, such as the cost of manufacturing, fixed and variable costs and the price sensitivity of customers. Customers need to feel that they are "getting their money`s worth" while the business needs to be sustainable and profitable in the long run.
24%
Cash-flow/Late payment
What can you do to plan your cash-flow better? Think about the usual monthly in/out payments as well as the the upcoming big one-off expenses or incomes. What are your payment terms? Are there any customers who pay late regularly? Cash-flow planning is a recurring and time consuming activity but most of it can be automated.
Data from: https://dataconomy.com/2020/02/here-are-the-biggest-challenges-smes-in-the-uk-are-facing/