What’s the difference between statutory and management accounts?

By |2023-09-18T10:39:18+12:00November 29th, 2023|Cash and Cashflow, General, Strategy, Tax|

Do you know the difference between your statutory accounts and your management accounts? We're highlighting the main points of each and explaining why both are equally important for your business. As a business owner, you know you need to produce accounts – that's a given. But do you know the

Proving your ongoing business viability with 5 financial reports

By |2023-09-15T14:55:10+12:00November 7th, 2023|Business Advice, General, Strategy|

What are the essential financial documents that can demonstrate your business' ongoing viability? We've listed the main reasons potential lenders and investors want to see solid financial statements before committing to your business. Whether you're applying for government subsidies, taking out a business loan or seeking investor support, you need

It’s tough at the top (and that’s why you need a business coach)

By |2023-09-06T16:31:33+12:00September 20th, 2023|Business Advice, General, Strategy|

It can be tough at the top, having an experienced business coach to work with can be the helping hand you need. We’ve highlighted the key benefits that an independent coach brings to you and your business. Being a business owner can be immensely rewarding. But it's also a highly

The cost of slow payers

By |2023-01-31T16:42:52+13:00March 8th, 2023|Business Advice, Cash and Cashflow, General, Strategy|

Customers that stretch out how long it takes to settle their bills are costing you more than time and frustration. However, increased electronic connectivity between small businesses, accountants, and financial institutions coupled with cloud accounting and traditional methods can help your debtor management. As with any relationship, timely communication between creditors (suppliers) and debtors

Delegation versus abdication – are you an effective delegator?

By |2023-01-31T14:45:44+13:00February 22nd, 2023|Business Advice, General, Strategy|

How often do you get to the end of a work day and wonder where the time went? You barely dented your to-do list, let alone completed it. Delegation, either to internal team members or external contractors, is a great way to free up your precious diary space. But is it that simple?

Key numbers to focus on in your business – today!

By |2023-01-31T13:11:08+13:00February 8th, 2023|Business Advice, Cash and Cashflow, General, Strategy|

At Pathfinder Solutions, we're chartered accountants and seasoned business mentors. Therefore, we often help clients identify the crucial business reports they need to focus on. Here's an overview of how to track performance, take action, and prepare your company for surviving the new business normal (whatever that might be!) To

Defining your unique selling point

By |2023-01-11T08:08:05+13:00January 11th, 2023|Business Advice, General, Marketing, Strategy|

Why should your customers choose you over your competitors? Establishing your unique selling point (USP) is about uncovering and communicating the real benefit you offer customers. #marketing #businessadvice #SME Making your business stand out in a crowded market can be challenging, but differentiating your business is vital for attracting your "Class A"

Are you suffering from business burnout?

By |2022-11-18T13:01:28+13:00November 2nd, 2022|Business Advice, General, Strategy|

Are you feeling burned out in your business? Here are some simple strategies to reduce your stress, free up time and help you to fall back in love with your business. Are You Suffering from Business Burnout? This time of year can be very demanding and exhausting for many business owners. Are

The key to business succession planning and exit

By |2022-11-17T16:21:45+13:00October 19th, 2022|Business Advice, General, Strategy|

As a business owner, you can spend so much time building your company that it's easy to overlook some important factors. One of those is succession planning – and while it may seem like something to worry about in the distant future, if the unexpected occurs (eg: health issues) you’ll be much

What is a personal budget?

By |2022-10-13T12:54:16+13:00October 5th, 2022|Business Advice, General, Strategy|

A personal budget is a finance plan that allocates future personal income towards expenses, savings and debt repayment. In other words, it’s a plan that sets out how you’ll spend and save your money. This definition of a personal budget makes three important distinctions: Firstly, this is a personal budget. Its purpose

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