Imran Hussain
ihussain247.bsky.social
Imran Hussain
@ihussain247.bsky.social
6 followers 2 following 39 posts
Accountant by Trade. Entertainer by Passion. I love my business.
Posts Media Videos Starter Packs
A cash reserve is your financial firefighter, ready and waiting to tackle unexpected blazes (emergencies).
Ask for better deals, yes, better deals from your suppliers. A little negotiation can lead to big savings.
Financial reports are like your business's health check. Learn to read them to know its true condition and act fast.
More sales can mean more stability. More sales can mean new opportunities. More sales build a healthier business.
Borrow with clear purpose. Repay with steady effort. Keep debt from becoming a burden.
Don't price just to get by; price so your business can truly fly. Know your costs, then add your worth.
Find waste, trim the excess, save your cash. Every penny cut is a penny towards profit.
Are "little" unreviewed expenses leaking big money from your business? Time to find those drips!
Your budget is your business's roadmap; without it, you're just driving blind. Map your money!
Promptly pursue payments. Getting paid quicker keeps your cash flowing!
Look beyond direct sales! Pro Tip: Consider creating subscription-based or recurring revenue models for a more predictable cash inflow. #recurringrevenue #businessmodel #FractionalCFO
Integrate for insight! Pro Tip: Aim to integrate your accounting software with your invoicing and payment systems for smoother workflows and fewer errors. #softwareintegration #financialefficiency #FractionalCFO
Your cash reserve isn't for everything! Pro Tip: Regularly review and adjust your cash reserve goal as your business grows and evolves. What was enough before might not be now. #cashresizestosize #businessgrowthtips #FractionalCFO
Small leaks sink ships (and cash flow)! Pro Tip: Conduct a thorough review of your business operations to pinpoint even seemingly minor unnecessary expenses. #expenseaudit #financialhealth #FractionalCFO
Don't underestimate payment terms! Pro Tip: Clearly communicate your payment terms upfront to customers. Set expectations early for timely payments. #paymentterms #customercommunication #FractionalCFO
Stay vigilant and adapt! Pro Tip: Remember that cash flow management is ongoing. Regularly review and adjust your strategies as needed. #financialagility #FractionalCFO
Explore new horizons! Pro Tip: Actively seek strategic partnerships to open up new revenue opportunities. #FractionalCFO #collaboration
Real-time is the right time! Pro Tip: Aim for real-time visibility of your cash flow through your chosen financial management tools. #FractionalCFO #informeddecisions
Separate your safety net! Pro Tip: Keep your cash reserve in a separate, easily accessible account. Resist the urge to use it for non-emergencies. #financialdiscipline #FractionalCFO
Automate where you can! Pro Tip: Investing in automation can reduce labour costs and minimise errors in your financial processes. #automationtools #FractionalCFO
Prioritise your priorities perfectly! 🤔#cashflow #FractionalCFO #SmallBusiness
Think outside the box for savings! Pro Tip: Optimize your resource usage – reduce waste, conserve energy, and streamline processes. #efficiencygains #FractionalCFO
Negotiate for better terms! Pro Tip: Build strong supplier relationships to negotiate discounts or extended payment terms. #FractionalCFO #costsavings
Don't be shy to follow up! Pro Tip: Implement a systematic approach for following up on overdue invoices. #FractionalCFO #accountreceivable