Blogs + Articles

Finance thoughts for non-finance people.

Blogs + Articles

Finance thoughts for non-finance people.

© 2020 Justice. All Rights Reserved

© 2020 Justice. All Rights Reserved

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5 Signs Your Business Needs a Financial Process Makeover 

April 21, 20242 min read

Do you ever find yourself wishing your business finances ran a little more smoothly? If so, you're not alone. Financial success depends on having the right systems in place. As a financial strategist, I often see businesses struggling with the same recurring challenges.

Here are five key signs that your business could benefit from a financial process makeover: 

 

1. Cash Flow Confusion 

Does your bank balance feel like a rollercoaster, with unexpected highs and lows? Consistent cash flow problems mean you might not have a firm handle on how money moves through your business. This lack of clarity can leave you vulnerable to cash shortages and make it harder to plan for the future. 

 

2. Haphazard Budgeting 

Does the word "budget" make you nervous? Many small business owners struggle with the idea of creating a budget. Yet, not having a financial roadmap limits your growth potential and can lead to unexpected cash crunches. 

 

3. Profitability is a Mystery 

Revenue is important, but what truly matters is your bottom line. Can you confidently say how much profit your business consistently generates? Without this vital knowledge, it's difficult to make informed decisions that can boost profitability. 

 

4. Decision Paralysis 

Do you find yourself constantly delaying important financial decisions – like investments, pricing changes, or hiring new staff? This decision paralysis often stems from a lack of clear financial data to support confident choices. 

5. Growth Feels Impossible 

Does it seem like there's never enough money to expand your offerings, invest in marketing, or take your business to the next level? Financial chaos can hold you back, leaving you feeling frustrated and unable to reach your full potential. 

 

Time for a Change! 

 

If any of these resonate with you, it's time to take a closer look at your financial processes. A well-designed financial strategy can empower you to: 

  • Track cash flow with clarity: Understand where your money comes from and predict future needs. 

  • Set realistic financial goals: Plan and budget effectively using real-world data. 

  • Boost your bottom line: Uncover hidden areas to maximise your profits. 

  • Make confident decisions: Access the insights you need for strategic choices. 

  • Unlock growth potential: Invest strategically in the future of your business. 

 

Need a jumpstart? Join our Facebook group! Whether you're seeking financial wisdom, business growth strategies, or simply connecting with likeminded leaders, this is YOUR space: Click here to join.

professional financial managementbusiness financial managementfinancial management servicesfinancial advisorfinancial planner
blog author image

Vanessa Bamford

With over a decade of experience as an Accountant and Business Strategist in independent business, social enterprise, and within the no-for-profit sector, Vanessa has a unique understanding of all the moving parts of the business ecosystem including; people and culture, systems and processes, as well as a passion for human behaviour and business development.

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blog image

5 Signs Your Business Needs a Financial Process Makeover 

April 21, 20242 min read

Do you ever find yourself wishing your business finances ran a little more smoothly? If so, you're not alone. Financial success depends on having the right systems in place. As a financial strategist, I often see businesses struggling with the same recurring challenges.

Here are five key signs that your business could benefit from a financial process makeover: 

 

1. Cash Flow Confusion 

Does your bank balance feel like a rollercoaster, with unexpected highs and lows? Consistent cash flow problems mean you might not have a firm handle on how money moves through your business. This lack of clarity can leave you vulnerable to cash shortages and make it harder to plan for the future. 

 

2. Haphazard Budgeting 

Does the word "budget" make you nervous? Many small business owners struggle with the idea of creating a budget. Yet, not having a financial roadmap limits your growth potential and can lead to unexpected cash crunches. 

 

3. Profitability is a Mystery 

Revenue is important, but what truly matters is your bottom line. Can you confidently say how much profit your business consistently generates? Without this vital knowledge, it's difficult to make informed decisions that can boost profitability. 

 

4. Decision Paralysis 

Do you find yourself constantly delaying important financial decisions – like investments, pricing changes, or hiring new staff? This decision paralysis often stems from a lack of clear financial data to support confident choices. 

5. Growth Feels Impossible 

Does it seem like there's never enough money to expand your offerings, invest in marketing, or take your business to the next level? Financial chaos can hold you back, leaving you feeling frustrated and unable to reach your full potential. 

 

Time for a Change! 

 

If any of these resonate with you, it's time to take a closer look at your financial processes. A well-designed financial strategy can empower you to: 

  • Track cash flow with clarity: Understand where your money comes from and predict future needs. 

  • Set realistic financial goals: Plan and budget effectively using real-world data. 

  • Boost your bottom line: Uncover hidden areas to maximise your profits. 

  • Make confident decisions: Access the insights you need for strategic choices. 

  • Unlock growth potential: Invest strategically in the future of your business. 

 

Need a jumpstart? Join our Facebook group! Whether you're seeking financial wisdom, business growth strategies, or simply connecting with likeminded leaders, this is YOUR space: Click here to join.

professional financial managementbusiness financial managementfinancial management servicesfinancial advisorfinancial planner
blog author image

Vanessa Bamford

With over a decade of experience as an Accountant and Business Strategist in independent business, social enterprise, and within the no-for-profit sector, Vanessa has a unique understanding of all the moving parts of the business ecosystem including; people and culture, systems and processes, as well as a passion for human behaviour and business development.

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Sarah Stiles

client account manager

Sarah has vast experience in bookkeeping, payroll, Xero, and cloud software set up. She's currently growing her qualifications studying a Diploma of Accounting.


With a passion for working with not-for-profit organisations and business that are making a difference in our community, Sarah loves helping others achieve their goals using her accounting smarts.


Three fun facts about me...

I spent 4 years of my childhood living in remote Northern Territory

I love food, especially chocolate

I am a dance mum and love watching my daughter dance more than anything

Sarah Stiles

client account manager

Sarah has vast experience in bookkeeping, payroll, Xero, and cloud software set up. She's currently growing her qualifications studying a Diploma of Accounting.


With a passion for working with not-for-profit organisations and business that are making a difference in our community, Sarah loves helping others achieve their goals using her accounting smarts.

Three fun facts about me...

☞ I spent 4 years of my childhood living in remote Northern Territory


☞ I love food, especially chocolate


☞ I am a dance mum and love watching my daughter dance more than anything

Rhedyn Lemaire

client account assistant

client services administrator

Rhedyn is our resident customer service queen. She's passionate about empowering her clients with next level account management services and will quickly become a trusted part of your virtual finance team.


A life long learner, Rhedyn is currently studying a Diploma of Payroll Services and Cert IV Bookkeeping and Accounting.


Away from work she's an experienced debater and commanding public speaker.

Three fun facts about me...

I'll happily speak in front of hundreds of people - but don't ask me to sing in public!

I love reading and writing book reviews.

I'm an animal lover and have had many different types of pets over the years.

Rhedyn Lemaire

client account assistant

client services administrator

Rhedyn is our resident customer service queen. She's passionate about empowering her clients with next level account management services and will quickly become a trusted part of your virtual finance team.


A life long learner, Rhedyn is currently studying a Diploma of Payroll Services and Cert IV Bookkeeping and Accounting.


Away from work she's an experienced debater and commanding public speaker.

Three fun facts about me...

☞ I'll happily speak in front of hundreds of people - but don't ask me to sing in public!

☞ I love reading and writing book reviews.

☞ I'm an animal lover and have had many different types of pets over the years.

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