timluscombe

Working Capital = hidden money

Posted on by timluscombe

One thing that I often see in businesses of all shapes and sizes is a focus on the profit and loss account, or income statement, with not enough attention paid to the balance sheet. There may be hidden money in your balance sheet that you can use! Do you pride yourself on paying all your…

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timluscombe

How easy is it for your customer to pay you?

Posted on by timluscombe

One business I advised had succeeded in winning business in the Ukraine, and this was turning into a significant opportunity. The sales team were getting very excited! The finance team were getting worried – payments were erratic, and very slow. The Ukrainian government had imposed currency controls – you could not pay in “hryvnia” outside…

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