Financial Management!

Hi Helen Cowley here!

Recently I was reading an article in Smarter which is a business magazine and I came across a management to do list and it got me thinking! So here, I present to you the Finance Management to do list!

1. Be Prepared for the Peaks and Troughs!
For new or small business the peaks throughout the year can be a major cause of stress because they are not yet understanding the cyclical fluctuations. Managing through these times can require all sorts of changing. So! Make sure that you are prepared for the worst case scenario that can happen. There is nothing worse than not being prepared, your business could really have a downfall because of that.

2. Be Prepared to Evolve!
Your business plan is not a set in stone document - It should evolve and change with the growth and maturity of your business. You need to ensure that it stays relevant to you, you will need to calibrate the settings to suit your business. Review and  adjust your business plan regularly to make sure that you are prepared for your success.
 
3. Record Stock!
Not knowing your stock could be another influential downfall for you business.  Good stock control is vital for the busy periods that you will see throughout the year. However, excessive stock sitting can be money sitting in the bank to use on something else. It is about finding your balance!

This is not all of the Financial Management to do list that I have created, but if you would like to find out more about what you can do to control your financial management then contact me so I can help you succeed in your business. 

I hope to be hearing from you soon, 
Helen Cowley.