In this week’s blog we are talking about financial things to have in place before you begin to scale. Firstly processes, processes, processes – I cannot emphasis enough how having processes across all of your business will help make the scaling journey more straightforward for you.
Running a business is exciting, but let's be honest – keeping track of your finances can feel overwhelming. Don't worry! You don't need to be a math genius to understand the important numbers in your business
Still using spreadsheets for your bookkeeping? You might well be losing time and money. Now I am a spreadsheet girl at heart, and they definitely have their place in mangaing finances. However, relying on them for bookkeeping in today’s world is just not smart.
Statistics show that around 50,000 small businesses fail each year in the UK because of cash flow issues.