Scaling new heights in small business financial management

In the first of our series, focusing on productivity, we introduced the physical attributes needed to take a business from the ordinary to the amazing. Time and time again words like ‘tenacity’, ‘drive’, ‘hunger’ and ‘ambition’ are used to describe prominent business leaders. But there is no point being hungry and ambitious if you do not have the diligence, organisation and foresight to get everything in order. That’s where the cool, logical and rational left side of your brain comes to the fore. For small business leaders, this is often about managing your finances effectively. Good financial management means planning for the future, controlling your cashflow, and spotting opportunities for financial growth.

Spotlight

The Vermont Country Store

In 1945, Vrest and Ellen Orton printed their first catalog - just 12 pages and 36 products - and mailed it to the folks on their Christmas card list. Vrest, a frugal Yankee at heart, insisted that the merchandise be durable and above all practical. His wife Ellen, who grew up on the Wilcox dairy farm in nearby Manchester, Vermont, made certain the new business was as practical as the products it sold.

OTHER WHITEPAPERS
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The ultimate guide to being cash flow positive and maintaining profitability

whitePaper | May 24, 2021

One of the biggest challenges small business owners face is maintaining a positive cash flow. The problem is, many aren’t managing and reporting on it in the first place. How do you manage cash flow that allows you to predict expenses, payments and forecasted sales?

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SMP: A World Of Opportunity For Gen Z? Attracting New Generation Talent

whitePaper | June 14, 2021

The opportunity for small and medium sized practices to grow in today’s business environment is unprecedented. Adoption of digital accounting tools, changing client expectations and business models are deeply transforming all aspects of SMPs. With the flexibility and creativity to match the velocity of change and adapt to the rapidly evolving demands of the client, SMPs have the potential to drive the progress and transformation of the industry as a whole. But are they adopting the right talent attraction strategies when it comes to Gen Z?

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The digital transformation of small business support

whitePaper | April 12, 2022

As the digital revolution transformed micro- and small enterprises (MSEs) around the world, it also changed how small business support can and should be delivered. MSEs are essential agents of inclusive growth, and the digital revolution has fundamentally affected them. As digital technologies present MSEs with new opportunities and challenges that have been accelerated by the COVID pandemic, their support needs have also shifted. In the digital age, meaningful support not only provides MSEs with information and resources, but does so in new ways, using digital channels. For small business support to be effective and sustainable through the 21st century, understanding how digital technologies are changing the landscape will be paramount

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Selling Digital Marketing Services to Local Businesses

whitePaper | May 1, 2021

Local ad spend on mobile and social media advertising is projected to hit $1.8 billion by 2023,1 underscoring the need for local businesses to develop campaigns in a range of formats. Decisionmakers, especially in smaller businesses, realize they don’t have the expertise they need when it comes to digital marketing.

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The Small Business Guide To Rapid Settlement

whitePaper | January 16, 2020

The Small Business Guide To Rapid Settlement Report documents the challenges facing small businesses due to delays in access to funds from sales. The report further seeks to educate, inform and provide a path for solutions to this sector. It is based on a survey of 480 firms in a broad range of industries with annual revenues up to $10 million.

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Retention Strategies for Small and Mid-Sized Businesses

whitePaper | July 24, 2022

To say today’s workforce is in flux is an understatement. The evolution of work has always been affected by technology, demographics, and social dynamics, and major events can force momentous shifts.

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Spotlight

The Vermont Country Store

In 1945, Vrest and Ellen Orton printed their first catalog - just 12 pages and 36 products - and mailed it to the folks on their Christmas card list. Vrest, a frugal Yankee at heart, insisted that the merchandise be durable and above all practical. His wife Ellen, who grew up on the Wilcox dairy farm in nearby Manchester, Vermont, made certain the new business was as practical as the products it sold.

Events