Managing your working capital

Managing your working capital

Working capital is the money needed for day-to-day business operations and is often a measure of a business’s liquidity, efficiency and financial health. To ensure your business has adequate working capital, the working capital cycle should be applied. The working...
Finance tips for first-time entrepreneurs

Finance tips for first-time entrepreneurs

Starting a new business is a big commitment. There are many financial factors a first-time entrepreneur must consider if they are aiming to create a long-term business. Check your personal credit score Funding a new business will depend upon what state your personal...
Should you use a personal loan?

Should you use a personal loan?

A personal loan can come in handy if you need some extra cash to fund a purchase, but it may not always be your best option. Before you sign away, you will need to understand how personal loans work and if they are appropriate for your circumstances. A personal loan...
Maximising your accounts receivable

Maximising your accounts receivable

Freeing up working capital can help businesses fund growth, reduce debt levels and lower costs. One way to improve working capital is by managing your accounts receivable. Many businesses fall into the trap of poor accounts receivable management, for various reasons...
Making your money stretch further

Making your money stretch further

If improving your finances is on your resolutions list for 2018, you may be searching for ways to make your money work smarter for you. Fortunately, a few simple changes can see you reach your financial goals faster. Here are three strategies to make your money...
Money resolutions for the New Year

Money resolutions for the New Year

Many start the New Year with an optimistic list of resolutions. Not meeting those resolutions many months later is all so familiar too, especially when it comes to financial goals. Setting unrealistic goals is a surefire way to halter your progress. Instead, focus on...