7 Deadly Cashflow Sins
Where’s all the cash?
This is the question that virtually every small business owner I’ve ever worked with has asked me. Either directly or indirectly. This lack of understanding around “where’s all the cash”, leads them to feeling in the dark about their numbers overall.
In this article we’ll explore SERPICO, which is the acronym for The 7 Deadly Cashflow Sins.
Whether you are a prospective employee or a small business owner, you will benefit from knowing where the market is on the current thinking into hiring employees.
It is a competitive landscape and employees need to prepare properly which will include their resume, skill set and general presentation.
Time management is important in our working lives and our personal lives. You will have heard this spoken of a lot. If you are thinking this does not apply to you, and you have not developed some time management skills, then you might be wondering why you feel overwhelmed at some point in the future when you truly have some work pressure applied to you.
This blog is for us as individuals.
Why start a business?
People start businesses for the challenge of being their own boss, to make profit and extract lifestyle. Even not for profits need to generate enough cash to employ people and sustain themselves.
There will be several blogs from EDGE SME giving information on basic business structures. They will be a mix of simple definition of various structures and then comparisons of structures and how they might be relevant to you.
Bookkeeping, what is involved?
This blog aims to summarise the basics of bookkeeping and how this service fits into business operations. Transaction recording and reporting must be accurate and verified and timely.
Why do people start a business?
To make money to try and improve their lifestyle, to run social enterprises and help others, to follow a dream or passion, to develop new and different skills.
Whichever one of these options you may choose, you will still need to manage your money and this blog gives a pig picture view on the importance of accounting in business management.
As of mid-2023, approximately 50% of Australian retirees are funding their own retirement.
This figure was 22% – or one in five retirees – in the year 2000. This is due to several factors but may largely be attributed to the Australian Government’s national superannuation initiative which commenced in 1991.
If you wish to learn more about superannuation, including its regulation, and pick up a few tips on how to manage your super, then read on.
This blog centres on the war’s economic impact in Australia, namely why this war has caused the cost of some goods and commodities to rise which will directly or indirectly impact small business and their employees.
The Australia Government provides many useful online training resources for small businesses, employees, and budding apprentices. These services are free and easy to access.
In fact, there are so many sites it may be difficult to know which ones best suit your needs. Therefore, this blog highlights a selection to help you decide.
EDGE SME Financial Management Services
EDGE SME Financial Management Services is a CPA Business
Content is for general information only.
