Business, Equipment & Home Finance for SMEs
Real time accounting offers many benefits for business owners! It is something we implemented at The 500 Group and advocate to our clients. From a business perspective, real time accounting: Puts you in control Provides “real time” financial information to help you make more informed business decisions Saves time and significantly improves productivity When it [...]
The biggest issue which results in a frustrating, lengthy and time-consuming loan approval process, is information required by Lenders to process loan requests not being provided upfront by applicants and/or in an incorrect format. Information Required by Banks - Treat Requests Like a Tennis Match To facilitate a faster turnaround when the Lender requests information, [...]
Reflection is a powerful but vastly under utilised tool that we can use to solve problems and achieve the outcomes we seek. Whether you run your own business or are an employee, the pace of life can be frenetic. Even if you love what you do, there never seems enough time to do everything that [...]
The new year is a time when we often reflect and set goals for the coming year. These can be both business and personal goals. However unfortunately research (& lived experience) demonstrates that whilst we may start out with great intentions, far too often our goals fall by the wayside as life takes over! Why [...]
Whether you are a business owner or employee, the need to do what we can to improve our personal productivity has never been greater! The demands on our time are increasing and it seems there always more to do than the time we have available! Added to this: Customer expectations are increasing The need to [...]
Over recent months, we have seen more businesses starting to look at Debt Restructuring as a way to: More efficiently use their assets Free up cashflow Correctly align debt to purpose/assets Consolidate borrowings Obtain improved pricing and/or conditions Debt Restructuring - Why Does it Become Necessary? Debt Restructuring becomes necessary because business is dynamic. As [...]
A key to success is a clear Business Vision - knowing in advance the type of business you are trying to create. This is about being able to visualise, & importantly document, what your business will be like in granular detail – when it is operating precisely how you want it. A Business Vision is [...]
At The The 500 Group Group, we learned that one of the most powerful actions a business can take is to clearly define its Business Purpose! That is, why does the business exist? What is its reason for being? From the customer perspective, the products or the services a business sells are simply a means [...]
Real time accounting offers many benefits for business owners! It is something we implemented at The 500 Group some 12 months ago and advocate to our clients. From a business perspective, real time accounting: Puts you in control Provides “real time” financial information to help you make more informed business decisions Saves time and significantly [...]
Often when seeking finance from a Bank, clients are asked to prepare a cashflow forecast. Whilst most business owners will rightly seek assistance of their Accountant or Bookkeeper to prepare the forecasts, it is important to understand the process involved and to have input into their preparation. Why you need to prepare a cashflow forecast [...]
