Tag Archive for Financial Management

The fundamentals of financial management for small businesses

Recent research by software developer Reckon finds that financial management is the biggest concern of small business owners across the country. Some 59 per cent of small businesses owners in the Reckon study said they asked are concerned about financial management and demonstrate the real importance of financial literacy as a key skill for business owners, as
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Financial management is the biggest concern for small businesses

A recent study of more than 1,000 small business leaders reveals that financial management is keeping them up at night. One fifth (20 per cent) admit they struggle to keep on top of the business’s finances, highlighting a cause for concern in the country’s SME sector. In fact, the concerns aren’t only expressed by younger businesses. While a
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Ten financial resolutions for a small business

Running a small business can be challenging at times, particularly when it comes to finances. With the new year underway, here are ten financial resolutions that will help you keep your finances in good shape. 1. Create a realistic budget If 2016 was your first trading year or you’ve only just started scaling up, you might
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Could your approach to financial management make or break your business?

It is commonly known that many small businesses fail in their first few years of operating. While it is easy to put it down to a number of factors – the timing wasn’t right; the product failed; marketing wasn’t strong enough; the bank wouldn’t invest; it rained all week – one of the biggest issues
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