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Money is a technology. It has evolved over millennia to facilitate exchanges of value between people, and to store that value over long periods of time to be used as and when the holder of that money sees fit. We’ve seen various iterations and manifestations of money over the years: shells, precious stones, glass beads, gold, and, most recently, government-issued “fiat” currency.
The Melting Ice Cube Series will attempt to explore the intricacies of the phenomenon of the loss of purchasing power of fiat currency during the first quarter of 2021, at a time when awareness of these larger global economic forces is more essential than ever before. Let's start our journey of inquiry together.
Key Performance Indicators do just what they say on the box; they indicate how well your business is performing in key areas. If we liken a business to a vehicle, KPIs are the dashboard. They can answer questions such as: How fast are we going? How much fuel is in the tank? Should we change gears? Just as you would check your car’s dashboard while you drive, so you should also keep an eye on your KPIs as a business.
It is common for one to go straight to the balance sheet to see what the bank balance was at month end, however, it does not necessarily tell you how it came in or went out during the month. Cash is the heartbeat of a business. A business requires cash to be able to pay its suppliers, vendors and employees, to be able to invest back into your own business so that you can grow. The cash flow statement is the final article in our management report series. Â
![An explanation of the balance sheet for business owners [Part 3/4]](http://cdn.shopify.com/s/files/1/2088/3447/articles/Untitled_design_2_700x.png?v=1602854661)
The balance sheet forms part of the management report pack that Creative CFO produces. Often, the balance sheet can be quite challenging to understand, so we have made it our mission to make it visually understandable. Every business owner wants to know that their balance sheet is looking good. But what exactly does this mean? Read part 3 of our 4 part series on management reports to find out.
![A business owner’s guide to understanding and working with the profit and loss statement [Part 2/4]](http://cdn.shopify.com/s/files/1/2088/3447/articles/P_L_700x.png?v=1602511568)
The profit and loss statement (or P&L in accounting jargon) is arguably the central management statement for most SMEs, recording the majority of operational activities over any period of time, usually monthly. Ranging from the total revenue received to all the expenses incurred by the business over the period, the P&L is a treasure trove of information for any business owner. In part 2 of our 4 part series on management reports, we delve deeper into the profit and loss statement to find out why it is,  undoubtedly, an essential statement for any business owner.Â
![An introduction and high-level overview of the value of management reports [Part 1/4]](http://cdn.shopify.com/s/files/1/2088/3447/articles/Untitled_design_14076d0b-092f-4cad-9036-62784cca3481_700x.png?v=1601903867)
Management reports play a crucial role in weaving together the results of daily process, performance and reporting across all pillars of business. They present the big picture and provide the clarity that business owners need in an increasingly dynamic world. In this article, which is part 1 of a 4 part series, we introduce you to management reports and highlight the value that it adds to your business.
Let’s say your business finds itself in a position where an investor has shown an interest in injecting cash into your company. The investor will usually want to see specific information about your business and essentially assess your business’s financial risk profile. In this article, which is part 1 of this series, we are going to help you understand the process of determining your company’s risk profile.
So you've been thinking about growing your business and you're full of ideas. But then you start to think about financing that growth and the glow of enthusiasm dulls as the questions form in your mind. How much financing do you need? How do you get it? From where? Financing always seems to come with mountains of paperwork, which doesn’t appeal to many business owners. But there is an easier way, which involves getting Creative CFO to help. Find out more here.
