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Sin number 17 - Asking for help when it is too late.

By Greg Carroll 



This one seems pretty obvious but it's amazing how often it happens. There's little point going to your accountant when you have no money in the bank, no money coming in, bills up to your ears that haven't been paid and no immediate way of raising any additional funds. Your accountant isn't going to be able to wave some magical wand to make it all better. The time to have spoken to him or her was probably 6 months ago.


This is why knowing and understanding the performance indicators of your business and having management accounts is so important because it can identify problems early. While you may not be able to solve the problem yourself at least you can go to your accountant or other advisors for help. Plus you have time to fix the problem. The key thing is not to bury your head in the sand and think things will be OK or the problems will go away, because they won't without making changes in your business.


So as soon as you think something is not quite right take action early and don't be afraid to ask for help. If you've surrounded yourself with good advisors they'll do whatever they can to solve the problem.  



Thank you

Thank you for taking the time to participate in the course. I hope some you found some of the thoughts and ideas helpful and can use them in your business. The area of cash flow is such a large one and the course really only skims the surface so if there are areas you would like to discuss contact us by completing the form below.


Are you on top of your cash flow?

Are you currently in business or planning to start a business in the near future?  Do you have cash flow concerns or want to find ways to improve your cashflow? Are there things you should or could be doing to improve your cash flow now?


To find out simply complete our Cashflow Review Form or complete the form below for an initial interview.


This course is not a substitute for independent professional advice. We do not warrant the accuracy, completeness or adequacy of the information or material in this course. All information is subject to change without notice. We and each party providing material displayed in this course disclaim liability to all persons or organizations in relation to any action(s) taken on the basis of currency or accuracy of the information or material, or any loss or damage suffered in connection with that information or material.