Think Business Coach

August 21, 2023

It's tough at the top (and that's why you need a business coach)

Being a business owner can be immensely rewarding. But it's also a highly pressurised and stressful position to choose. The business journey can be full of pitfalls and challenges that make it more difficult to meet your goals and turn your business into a success. The ...
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Changing Car Think Tax

August 14, 2023

Know the tax impact of using a company car

Having the use of a company car is a great perk. But are you aware of the tax impact of a company car and how having this vehicle may affect your company benefits? Two of the key tax considerations related to company cars are the benefits in kind (BIK) tax charges incur...
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Why use Time to Pay?

HM Revenue & Customs (HMRC) expects you to pay your taxes on time, and charges penalties and interest on late payments.  But if you’re finding it difficult to pay in full, HMRC can be approached to allow a Time to Pay arrangement, in most cases this will stop the ...
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Requesting payment

July 17, 2023

Requesting payment of overdue accounts in an economic slowdown

Cash has always been king but it’s even more important during these times of economic slowdown. The slower the economy, the less cash is available in businesses, and the more likely it will be for some customers to be unable to pay. To protect your business and minimi...
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Sales levels are too low

July 11, 2023

The seventh cause of poor cashflow - Sales levels are too low

It might sound obvious, but it isn’t to many businesses. If current sales levels don’t support the overheads and other cash demands on the business, then your overdraft will keep increasing. This means that your business in its current state is not viable (unless yo...
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Your Cash Lockup

July 4, 2023

Your cash lockup - the first cause of poor cashflow

There’s a massive difference between profit and cashflow. Profit increases when you create an invoice for work you’ve done or goods you’ve sold; cash increases when you bank the money. Your lockup equals the cash that isn’t in your bank account because it’s ei...
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Profit and Cash

June 23, 2023

Keeping your business cash liquid – the difference between cashflow and profit

The foundational goal of any business is to make a profit. As a business owner, that’s one of your key financial aims – to make enough sales, at a big enough margin, to generate profit from your work. But how does profit differ from cashflow? And why is cash king?...
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Being a business owner can be stressful.

When the buck stops with you, it can be easy to let the pressure mount up and to discount your own wellbeing. But taking care of your own mental health is equally as important as taking care of the business – research from MYOB in Australia showed that 53% of business...
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Here are ten ways to make sure that you continue to drive through each business quarter with purpose, vision and the courage to super-charge your business....
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4 key areas to think about when purchasing a buy-to-let property

Purchasing a buy-to-let property is an increasingly popular way to invest in your future and to give you and your dependents some financial security. But starting a property portfolio and becoming a landlord is something that requires plenty of thought before you dive in.&nb...
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