Posts by splash
Why you need to forecast your cash flow
Upton Ryan Accountants know that cash flow is the lifeblood of your business. And when it comes to cash flow management, preventing cash issues is far easier than trying to solve these issues after the event. Positive cash flow comes from balancing your income (the cash inflows) against your expenditure (the cash outflows). Upton Ryan…
Read MoreKey numbers to focus on in your business now
Upton Ryan Accountants know that as a business owner, it’s never been more important to have a good grasp on your finances. For many businesses, priorities have changed, customer behaviours have mutated and revenue streams have had to evolve and pivot in order to create a viable business model. To track, monitor and drive your…
Read MoreShould I focus on profits or cashflow?
Upton Ryan Accountants know that turning a profit is at the heart of running any successful company. But should profits be the only financial focus if you’re looking to create a stable, long-term business? Upton Ryan Accountants understand that cashflow is the beating heart of your business. Without an even and predictable flow of cash…
Read MoreMeeting your goals during a global slowdown
Upton Ryan Accountants understand that optimism among business owners was high coming into 2022. But a number of factors are now making things a lot more challenging: Global events are pushing up energy prices to astronomical levels. Ongoing supply-chain issues are making it difficult to source raw materials. A scarcity of talent is causing problems…
Read MoreWhat’s your unique selling point?
Upton Ryan Accountants understand that making your business stand out in a crowded market can be a challenge, but differentiating your business will be key to attracting the right customers and giving them a reason to choose you over a competitor. Upton Ryan Accountants believe it’s important to identify your unique selling point (USP), so…
Read MoreBusiness tips: Adding value to your business prior to an exit
Generally speaking, an exit strategy will be put in place years before your planned exit date. This gives you time to work on your sale plan and deal with any succession issues. Upton Ryan Accountants know that a clear exit strategy gives you the time needed to add additional value to the business prior to…
Read MoreWho are your competitors? And what do you know about them?
Upton Ryan Accountants understand that whatever your sector, niche or marketplace, there’s almost certainly going to be other competitors in that space – but do you know who they are and what threat they pose? Are you the only provider of your specialism, or are you one of many companies that are all vying for…
Read MoreUnderstanding Your Profit and Loss Statement
Upton Ryan Accountants will discuss how your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an income statement and its main purpose is to list income and expenditure. Whereas a balance sheet is a snapshot in time, the P&L shows transactions over a specific period…
Read MoreCash flow and cost control
Upton Ryan Accountants understand that more than ever, cashflow is a vital part of staying afloat, whether your business is in recovery or growth mode. Upton Ryan Accountants know that revenue, profit and your bottom line all deserve your attention. But keeping everything running is the baseline. Regular cashflow forecasts help you keep that in…
Read MoreBusiness tips: Setting your goals for a business exit
Upton Ryan Accountants know that every business has a finite lifespan. Some may last for decades, and some may only last a couple of years. As the owner of a business, Upton Ryan Accountants understand that the life of your business is likely to be strongly aligned with your own life goals and personal plans…
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