Running On Empty: Why Small Businesses Can’t See What’s Coming
As a small business owner, you face no shortage of problems that can seriously jeopardize your survival. Supply chain disruptions, changing consumer demand, cash flow issues, rising costs, the threat of competitors – navigating it all is overwhelming even in the best of times.
But one of the most dangerous pitfalls for small business owners is flying blind – not having instant access to your financial position. Without clear visibility into your numbers, you’re unable to spot threats, take advantage of opportunities, or steer your company effectively towards stability and success.
3 Severe Threats You Face Flying Financial Blind:
Missed Cash Flow Warning Signs
Without timely reporting and analysis of income and expenses, small business owners often don’t realize they’re heading for rocky cash flow until it’s too late. By then, you’re scrambling unsuccessfully for credit, liquidating assets just to make payroll, or behind on vendor payments destroying your business relationships.
Inability to Control Costs
You can’t manage what you don’t measure. Without financial monitoring in place, you ultimately fail to account for waste in areas like inventory loss, inefficient processes, low margin products and services, employee time abuse or excess expenditures that bleed your budgets dry.
Lack of Data for Decision Making
Quick access to your books means seeing beyond just income/expense totals. You gain crucial business intelligence around identifying profitable business segments, recognizing consumer demand shifts, weighing new expansion possibilities, adding high value products or services, and more – before threats emerge.
Bookkeeping Templates Give You 2020 Financial Vision
Sophisticated financial templates provide what overworked owners desperately lack – an eagle-eye view of their business’s financial health and performance to stay agile, productive and in control.
Built for the non-accountants, our drag-and-drop small business templates consolidate all your financial data in one easily accessible, smartphone-ready dashboard. No new software needed. We do the number crunching for you so you gain supercharged business intelligence.
Here’s how clear financial visibility transforms your enterprise almost overnight:
Detect Cash Flow Red Flags Instantly Customizable cash flow statements and graphs highlight income/expense/profit trends so you take immediate action at the first sign of a dip.
Pinpoint Cost Leaks
With up-to-the-second reporting on inventory costs, labor, material expenses, you can quickly eliminate waste eating up your margins.
Confidently Size Up Opportunities
Decision-ready financial statements help you pursue only your most profitable business segments, campaigns and partnerships.
Value Your Business Accurately Sophisticated profit drivers and turnover ratios help accurately assess enterprise value for funding/exit strategy.
Bantu Consulting has personally curated templates that will help every business owner make their job easier.
These templates will be available by end of the month.
FREE and Premium templates will be available together with a video tutorial on how to use them. We will also be conducting occasional Seminars for premium users for free to help you on the spot with your financial records.
Watch out!