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A business loan is justified when it finances something that brings extra profit, and that profit covers the payment with room to spare. Then the interest is…

A month's costs can be reviewed in five steps: gather them by category, put them in order by amount, split them into groups A, B, and C, compare them with…

An extra payment is conveniently directed into the loan with the highest rate, while the rest keep being paid on schedule. That way the extra amount saves more…

A payment deferral is an agreement with a supplier to move payment to a later date before the due date arrives. It's easier to reach an agreement when the…

Debt tracking works when every debt is recorded separately, with an amount, a counterparty, and a due date, and when debts you owe and debts owed to you sit…

Preparing for the low season takes three steps: identify seasonality from the figures of past years, calculate what the weak months cost, and set that amount…

When a key employee is leaving, the time before their last day is best spent on three things: writing down the processes they run, handing the successor their…

Financial discipline is a handful of simple habits that pull money from every source into one picture: cash in the till, card payments, transfers from…

Seven numbers are enough to see the state of a business. Three show how much you're earning, two show how much cash you have, and two more show where your…

Bookkeeping starts with three things: separate personal and business money, record every transaction, and sort those transactions into categories. Everything…

Uneven income can be turned into an even payout to yourself. The mechanics are simple: every payment gets split into portions right away, and you take a fixed…