Every business needs to focus on increasing profitability.
Most businesses also need to focus on cashflow until cashflow is healthy enough to take care of itself.
Both are important, heavily inter-twined and if either is neglected then a business can easily fail.
On the positive side of life, a profitable business with a healthy cashflow can:
And it’s just a nicer place to work!
Every business wants to see continuing profit improvement.
So a key focus must be on the profitability of products and services and on the importance of increasing business profitability over time.
By improving gross margins, each sale you make generates more profit and puts more cash in the bank.
Which means the business owners can earn more or choose to keep money in the business to invest in profitable growth for the future.
It’s also important to keep overheads under control so your gross profit is not frittered away on unnecessary expenses.
But profits can’t be improved unless they can be measured which means your bookkeeping and financial information must be more than adequate for the task.
And if you can measure it, you can improve it.
It’s a problem because the business is forever juggling how to pay staff and suppliers, keeping the wolf from the door whilst desperately trying to get paid by its customers.
Poor cashflow is a waste of time and energy.
At the same time, poor cashflow can be a symptom of:
So poor cashflow can reveal the way out of its own mess – but only if it’s understood properly.
Which requires a cashflow model.
And we can help you with that.
Profit is what’s left after costs. Cashflow is what’s in the bank. A profitable business can still run short of cash if payments from customers are delayed.
Timing. Sales might be booked before cash arrives, while wages and bills still need paying. Cashflow planning keeps things running smoothly and can identify risks of “overtrading”.
Their bookkeeping might be wrong and they may, in fact, not be profitable at all.
We’ll create a simple model in Excel, keep it up-to-date and review it with you as often as necessary. You’ll always know what’s coming in and going out.
Yes. We can look with you at your margins, pricing, and costs to show where you make (or lose) money — helping you focus on what matters.
Absolutely. Every cashflow model requires historical bookkeeping to be up-to-date and you can’t measure and improve profitability without accurate numbers.
“Blue Dot have been our accountants and bookkeepers since the very beginning of our business, and have been nothing short of outstanding throughout.”
“Michael’s straightforward, practical and tailor-made approach was perfect for me and our business.”
“I was a little apprehensive about working with a new accountant but I didn’t need to worry – I have found their approach to be friendly, genuine and they go above & beyond to help.”
“You guys are brilliant. It’s been a challenging few weeks facing up to the issues but I do feel positive towards them now and I feel a weight has lifted from my shoulders. I am honestly so thankful!”
“They went above and beyond in helping us navigate not only the transition to cloud-based accounting but also in leading our accounts team through a broader period of transformation.”
“They went above and beyond in helping us navigate not only the transition to cloud-based accounting but also in leading our accounts team through a broader period of transformation.”
“We are a small organisation with no in-house financial expertise, so it’s a huge weight off my mind knowing that I can rely on Michael and his team to take care of everything.”
“I’ve been delighted with both the service and expert advice I’ve received from Michael and his team. They take the weight off my shoulders when it comes to my business’s financial requirements.”
“Blue Dot are uncompromisingly systematic and thorough so that you can get on with running your business.”
“It was the genuine level of care and interest in what we do as a business. It felt like more than just a service, it was a partnership.”
“Outstanding service and support. They get things done, just what you need. Recommended.”
“Having someone in the room that is happy to (in a structured way) challenge the norm and not simply accept that, because things look good, we should stop looking to improve.”
“As the business owner, it can get lonely making all the decisions. I feel I have a ‘silent FD’ that I can call, challenge and that any idea is OK to discuss, and to arrive at a sensible way forward.”
“I really enjoy working with Blue Dot Consulting — they’ve helped me take control of our financial situation in a practical, no-nonsense way.”
“I’m no expert but it has been transformative the help and advice I get from Michael and his team.”
“Thank you again for your help and training so far – it’s honestly been invaluable.”
“Blue Dot Consulting went above and beyond in helping us navigate not only the transition to cloud-based accounting but also in leading our accounts team through a broader period of transformation.”
“Michael and the Blue Dot team have been an essential part of our journey from startup through to being an established company, and we look forward to continuing working together long into the future.”
“Blue Dot have been our accountants and bookkeepers since the very beginning of our business, and have been nothing short of outstanding throughout.”
We don’t believe in forms, we believe in talking to people, finding out your needs and tailor-making a solution just for you.
Give us a ring on 020 7125 0270 or email us at info@bluedotconsulting.co.uk
Specifically South West London, including:
