Clothing and Footwear Importer and Distributor
Clothing and Footwear Importer and Distributor Challenge faced Cash flow struggling with 52 inventory days and 45 debtors’ days Profitability under strain with high expenses Results Within 8 months: R30m improvement in cash flow Inventory days improved by 8 days down to 44 days Debtors’ days improved by 5 days down to 40 days R4m […]
IT Distributor in JHB
IT Distributor in JHB Challenge faced Lack of visibility regarding GP% – could only see GP% 3 weeks after month end Average GP% sitting on 9.1% on sales of R5 billion Inability to rank product categories and customers based on a combination of profitability (GP%) and cash flow use (net working capital days) Too much […]
Sales: The Lifeblood of Your Business
Sales: The Lifeblood of Your Business Sales are the lifeblood of any business, much like how blood carries oxygen to the body’s vital organs. Without a steady flow of revenue, your organization will struggle to grow, make payroll, or even cover its expenses. Much like a body that cannot survive without circulation, a business cannot […]
Break-Even Analysis: A Tool to Unlock Business Profitability
Break-Even Analysis: A Tool to Unlock Business Profitability In the fast-paced world of business, understanding your business drivers is essential to ensure success and long term sustainability. One of the simplest and most useful tools at your disposal is the break-even analysis. Conducting a break-even analysis on your business helps you understand your business much […]
Improving your Cash Flow: Optimizing Inventory
Improving your Cash Flow: Optimizing Inventory In my previous blog I briefly outlined ways for businesses to improve cash flow. This article is going to focus more specifically on improving cash flow by optimizing inventory (or stock). I have to admit that I love inventory – for most wholesale and retail companies it is the […]
How to improve cash flow in your business
How to improve cash flow in your business Everyone knows that “cash is king”. But how can entrepreneurs actually improve their cash flow? This article will provide some high-level ways to practically improve your cash flow. Working capital management Working capital refers to your inventory, debtors and creditors. This is often the biggest cash burner, […]
Step-by-Step Guide: 2nd Provisional Income Tax for Individuals
Step-by-Step Guide: 2nd Provisional Income Tax for Individuals This blog follows on from my blog on understanding Provisional income tax better, and my blog regarding how to submit 2nd provisional income tax returns for companies. 2nd provisional income tax submissions are due in a mere 4 weeks from today, on 29 February 2024. This blog […]