My Steps to Creating a Basic Budget.

As the the Coronavirus pandemic continues, more and more people are struggling financially; with more people claiming benefits, the pressures of managing money has become even more important.

Setting a budget is vital in helping get through tough times; it won’t give you any more money, but it will give you clarity, even if the picture is bleak.  From clarity you can start to take action.

Budgeting can also give you a level of control, rather than the chaos of the snowball effect of closing your eyes and hoping for the best.

Taking responsibility for your finances can be quite empowering; you may still be struggling financially, but having a plan that you have created (even with help) will build your confidence and increase positivity. Read more

Business Finance; How Confident Are You That Your Accounts Are Accurate?

I found this blog in my drafts section, and wish that I had published it sooner, especially when I read the following sentence…..

“It is said that a crisis is the best way to change habits, but why wait? What happens if it is too late?”

The sad truth is that for some businesses it may already be too late, and they won’t survive the current crisis, especially those in the hospitality industry.  Many businesses have been forced to close, and the opportunity to re-open seems a long way off.

Before the pandemic, if I’d asked you to write a list of the most important things you had to focus on as a CEO or a business owner, I would hazard a guess that ‘making a profit’ would have been pretty high up there; maybe even number 1. Read more