Well here we are again, I have been back to work for 2 weeks now since the arrival of our newest family member nearly 5 weeks ago. What a difference 2 weeks can make to a small business. Here I was thinking that I would ease back into work, take it a bit easy and keep things fairly simple and low key, how wrong could I have been (in a good way)!
One of the recurring questions that I get asked by business owners at the end of the year is ‘If I have made this much profit, why do I not have any money in my bank account to show for it?’ Well the short answer is Profit does not equal Cash.
A good place to start to explain this is with the definition of both words.
I know I have been very quiet over he last few weeks and I extend my apologies for the silence. You may well therefore be wondering where I have been…