Accounting topics don’t always sound exciting, but cashflow is one area every business owner needs to understand. In the first episode of our new podcast series, ‘It all adds up: Business finance explained’, Garry Mumford and Simon Hammond sit down with Mike Johnstone (from TOMD) to explore why businesses can be profitable on paper yet …
Continue reading “New podcast: The cashflow mistake that catches many businesses out”
Profit is not always what it seems – understand what your numbers are really telling you.
Would you rather retain complete financial control of your company – or make more money from it? That’s the “founder’s dilemma,” says Harvard Business School professor Noam Wasserman[1]. He studied 212 start-ups that were determined to grow large (not ‘lifestyle businesses’ that simply made their owner comfortable). What he found is that owners could optimise …
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