Jeremy Tauri.
Have you had growth but feeling perplexed about your financial position? Feeling like your business is growing nowhere?
The numbers are good but they're unbelievable when looking at the cash available balance in the bank account?
Over the last three years I've seen many one man bands rapidly increased into
a three or four-piece. It's a natural transition to cope with increasing demand.
As a result new costs have been added, more vehicles, tools, training, overheads and of course extra labour costs. There's extra going out of the bank account each week but pressure on to pay bills and get the work done on time. Surely that automatically means more coming in? The accountant says profit is up.
But where is the mythical cash? If you feel you should be richer than you are, you need to look at your balance sheet and find out where the extra might be going.
