accounting

Why you should focus on existing customers rather than new ones

By
Peter Urquhart
Peter Urquhart
Director of Finance at Rutland Capital Partners
With over 20 years of accounting experience within accounting firms, retail industry and investment banking, Peter's expertise has always been with numbers. Through his consultancy work he helps businesses and those running them to improve efficiency, specifically focused on the financial health and cashflow of the business to deliver improved profitability.
Peter Urquhart
Latest posts by Peter Urquhart (see all)

We meet businesses too often who have too much focus on generating new business. Business should absolutely be seeking to acquire new business and customers if they wish to expand but not if it is at the cost of neglecting their existing customer base. Existing or repeat customers are those who have purchased a product …

Why you should focus on existing customers rather than new ones Read More »

7 ways to improve your cashflow

By
Peter Urquhart
Peter Urquhart
Director of Finance at Rutland Capital Partners
With over 20 years of accounting experience within accounting firms, retail industry and investment banking, Peter's expertise has always been with numbers. Through his consultancy work he helps businesses and those running them to improve efficiency, specifically focused on the financial health and cashflow of the business to deliver improved profitability.
Peter Urquhart
Latest posts by Peter Urquhart (see all)

For those in business most will have some appreciation of the importance of Cashflow. Whatever industry you are in you will hopefully benefit from some, if not all, the tips we have outlined below to help your business to improve its cashflow 1. Have a cashflow & review it monthly It may sound silly, but …

7 ways to improve your cashflow Read More »

Your business break-even point – do you know it?

By
Peter Urquhart
Peter Urquhart
Director of Finance at Rutland Capital Partners
With over 20 years of accounting experience within accounting firms, retail industry and investment banking, Peter's expertise has always been with numbers. Through his consultancy work he helps businesses and those running them to improve efficiency, specifically focused on the financial health and cashflow of the business to deliver improved profitability.
Peter Urquhart
Latest posts by Peter Urquhart (see all)

In our experience most businesses consider the analysis or knowledge of a break-even point within their business something that a management consultant might discuss with them but not something they need to understand themselves. We feel this exercise is key in understanding the health of your business and how to manage the expansion (or retraction) …

Your business break-even point – do you know it? Read More »

The 5 best ways to cut costs in your business

By
Peter Urquhart
Peter Urquhart
Director of Finance at Rutland Capital Partners
With over 20 years of accounting experience within accounting firms, retail industry and investment banking, Peter's expertise has always been with numbers. Through his consultancy work he helps businesses and those running them to improve efficiency, specifically focused on the financial health and cashflow of the business to deliver improved profitability.
Peter Urquhart
Latest posts by Peter Urquhart (see all)

Cutting costs may sound to most like the simplest and most obvious strategy to improve the financial health of your business, but it can be one of the most effective. It can be very easy in business, equally as it can be in our personal life, where we sign up to a service or particular …

The 5 best ways to cut costs in your business Read More »