by johnireland | Articles
Every year, profitable businesses close their doors not because they stopped making money, but because they ran out of it. It is one of the great paradoxes of running a company: the profit and loss account can show a healthy surplus while the bank balance tells a very...
by johnireland | Wellness Corner
Running your own business is often lonelier than it looks. Employees are not peers, they depend on you financially, so they rarely challenge your thinking freely. Family absorbs the emotional cost of every decision, so owners often protect them by staying quiet....
by johnireland | Articles
Ask most business owners how they are doing and you will get “busy” or “fine, thanks”. Ask them who they talked to last week about the decision that actually kept them awake, and the room tends to go quiet. Running a business is, for many...
by johnireland | Legal Spotlight
A Deed of Variation lets the beneficiaries of an estate agree, within two years of death, to redirect some or all of an inheritance to someone else, such as grandchildren or a charity. For Inheritance Tax and Capital Gains Tax purposes, the change is read back to the...
by johnireland | Business Builder
Profitable businesses can still run out of cash because profit and cash are measured differently: profit counts income when earned, cash counts money when it actually arrives. The cash conversion cycle — the time between paying for stock or wages and being paid by...
