Manage the finances in your business

In any business or corporate organization, it is important to have a good understanding of the accounting system. Cash flow strategies are an important aspect to consider. To gain a competitive advantage, we must understand how to manage finance in our business. Understanding such strategies can help us regain a competitive advantage and increase profitability.

Listen to Mick Hawes interview Martin Cattach, the founder of Finance for Business. Cattach is an experienced working capital strategist with the economic and business background to develop sound financial and cash flow strategies for Australian SMEs. In this episode, you'll learn his smart, sustainable ways and strategies to deal with "money problems" - from paying off a tax debt, to expanding into a new market, stabilising a volatile supply chain, or finding a way to retire without closing down.

In this episode you will:

• Listen to Martin Cattach share his insights and advice on how he assists SME business owners in using money to grow their businesses.
• Hear his schemes for clients who want to expand their businesses but are turned down by banks.
• Identify the financial errors commonly made in the construction industry.
• Understand the financial aspects of working capital.
• Discover what trade finance means for business
• Learn how to manage the two levers to drive business
• Understand the return on investment and opportunity cost
• Discover why using the assets is not a wise move to secure a business
• Hear us talk about The E-Myth Book, why small businesses fail, and how to overcome common mistakes in business
• Learn how he has changed careers every 10 years
• Understand the importance of the business model
• We also discuss the process of how he builds relationships with his clients

All this and more, on this week’s episode of THE TOOLSHED.

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Stay tuned next week when we going to cover Never explain it again - use video instead with Luke Canham.

So, don’t forget to subscribe to the show to get that episode as soon it gets released. Until then, stay healthy.