planning

  • The 5 Biggest Challenges of Financial Planning for Businesses

    Startups by their very nature are breaking new ground. It’s perhaps ironic then that many are founded by entrepreneurs who have trodden this ground before, who know the ropes of setting up a business, driving customer acquisition and finding funding and bringing together positive teams.

  • How to easily forecast your startup’s cash flow

    The cash flow statement is one of the more common reports used by accountants. It is a measure of all the incoming and outgoing cash activity of the business and is usually estimated at a monthly level. You may think that all that matters is your profit margin but cash flow is critical. The key difference between a cash flow forecast and another report like the income statement is that it’s all about timing. When cash is parted with or received is vitally important. It will not take into account future sales received on credit. It’s a true reflection of your bank accounts inflows and outflows. Not what might be, but what is.

  • Learn how you can set up an established business in Brixx

    Do you have an established business? If you do, it’s important to have a financial plan. The good news is – creating a robust financial model is generally easier for existing business than for startups. As many of our customers are planning existing businesses in this article I’m going to give some tips and advice for planning these businesses in Brixx.

  • How to raise capital for your business

    Starting your own business venture can be very exciting, but it often requires a critical ingredient for success: capital. Whether you’re a startup looking to turn your idea into reality or an already established business owner seeking to grow, securing the necessary funding can be an overwhelming tas

  • What is Competitor Analysis? How to Conduct Competitive Research

    Ever wondered what the best ways to find competitors for your upcoming business? How do you analyse them? Don’t worry we cover all the ways you can find your competitors, both local and online. Then we’ll go through the ways that you can analyse them to influence your business decisions.

  • Understanding Zero-Based Budgeting: A Beginner’s Guide

    Zero-based budgeting (ZBB) is a method of budgeting in which all expenses must be justified for each new period. This method of budgeting starts from a “zero base,” and every function within an organization is analyzed for its needs and costs.

  • Scenario Analysis: How it Works, Examples and FAQs

    Scenario analysis is a technique used in various fields, such as business, finance, and risk management, to evaluate the potential outcomes of different future scenarios. It involves constructing and examining multiple possible scenarios to understand their implications and assess the associated risks and opportunities.

  • Markup vs Margin Explained – What’s the Difference?

    As a business owner, setting the right prices for your products or services is a balancing act. Price it too low and you might not cover costs or make a profit, price it too high and you risk losing potential customers to more affordable competitors. A crucial element to getting your pricing strategy right lies…

  • How to Calculate Creditor Days – Formulas and Examples

    Creditor days, also known as payable days, is a financial ratio that quantifies the average time it takes for a business to pay its suppliers after receiving goods or services. It’s a reflection of the company’s payment policies and cash management strategies, playing a critical role in its relationship with suppliers and overall cash flow.

  • How to Start a Clothing Line from Scratch

    So, you want to start your own clothing business? Welcome to the guide on how to do just that. In this guide, we’re going to cover everything you need to start your own fashion label, including ideation, growth and so much more!

  • Your Guide On How To Start A Cleaning Business From Scratch

    For as long as things have been getting dirty, people have been paying to have someone clean it, and a cleaning business is one of the simplest businesses to start, with a minimal outlay and lots of room to grow. This week, we take an in-depth look at starting a cleaning business.