Team Member Profile | Microenterprise Development | Community Economic Development

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Sam, business coach, Adelaide SA

Meet Sam Drummond, a Many Rivers business coach who is located in Adelaide, South Australia. Sam has been working with Many Rivers for four years…

Colin, business coach, Perth WA

Today we are introducing you to Colin who has been a Many Rivers business coach for five years. With a wealth of business knowledge and…

Meet a Team Member | Joy

Meet Joy, the Many Rivers business coach who covers the north side of Perth. She brings Joy to WA. Joy has a background in financial…

Meet a Team Member | Dylan

Meet Dylan, a Many Rivers business coach working with clients in the Newcastle and Central Coast regions. Dylan has a background in welfare as well…

Meet a Team Member

Meet a Team Member | Ofelia

Meet Ofelia, Many Rivers’ longest serving business coach, located in the North Coast Region of NSW. Ofelia has over 25 years experience in financial, administrative…

Google is running a live webinar series for small businesses and job-seekers to help them grow their digital skills.

Grow with Google OnAir is an online content series hosting digital skills webinars. The workshops are designed for small to medium businesses and job-seekers to broaden their skill set.

The second series of live webinars is created for small to medium businesses.

Registrations are now open and the series will be live streamed from August 25th to August 28th.

This is a valuable tool set for business owners to to build their skills so they can start, stay and thrive in their business.

If you’re unable to make these sessions or missed the last series, check out On Demand to watch all the past sessions at anytime.

Many Rivers and Google.org are committed to providing critical support to small business owners during the COVID-19 pandemic.

Read more about Youth Business International’s (YBI) US$5M rapid response and recovery programme here.

“The coronavirus outbreak is taking a devastating toll on lives and communities. Small businesses are facing unprecedented challenges as they struggle to stay afloat. With this grant to Youth Business International, alongside a series of Google initiatives and products, we hope to help some of the most vulnerable small businesses find a way through the crisis.”

– Rowan Barnett, Head of Google.org, EMEA & APAC

We are here to help people start small businesses and grow existing businesses. To find out if we are the right fit for your needs check out our Small Business Self Assessment form and see if we can help you on your business journey.

We have put together a list of resources about everything you need to know to get started with cashflow.

Cashflow management is key to every small business, and there is a lot to know. With some simple tips, cashflow management is a skill that you can master to start, stay and thrive in business. This includes paying yourself, scenario planning and understanding the revenue and costs of your small business.

It is okay if this feels overwhelming or confusing because a lot of people feel this way when they start up. Many Rivers has your back!

Here are four tools we have to teach you about cashflow and get you ready to start your own small business. Or perhaps you already have a small business? These tools will help you improve your cashflow because there is always space to improve.

1. Intro To Cashflow

Good cashflow management is absolutely fundamental to the success of your business. Did you know that 90% of businesses fail because they don’t manage their cashflow well.

In this episode of In Business With Many Rivers podcast, host James Clampett is joined by Many Rivers CEO and Managing Director, John Burn, and WA and SA Head of Region, Lisa Kelman, to introduce you to cashflow. They talk you through some tools you can use to really get on top of it.

Introduction to Cashflow | Business Foundations | Podcast

2. Paying Yourself

When you are in business, you want to make sure that you are paying yourself, not just covering the costs. We like to say that a hobby is something that costs you money and a business is something that makes you money! Therefore, an important part of business is knowing how to pay yourself.

This video will cover important tax and reporting obligations that differ depending on the nature of the business you are operating. The focus of this power tip is on paying yourself as a sole trader and the two main ways sole traders can pay themselves.

Paying Yourself | Power Tip | Video

3. Scenario Planning and Investment

You want to make sure that your small businesses cashflow accounts for all situations.

A good place to start is to consider what would happen to your cashflow if you only achieved half the expected sales? What would you do and how would you manage your costs? The best way to do scenario planning is to use your cashflow spreadsheet. Analyse your cashflow and how it changes with different scenarios. A cashflow spreadsheet can also help you pick the right time to make a new investment in your business.

This article will talk you through some of the things to take into consideration when creating your cashflow, and how to plan for some investments down the track.

Scenario Planning and Investment | Power Tips | Article

4. Revenue and Cost

This power tip helps you stay on top of your cash flow by understanding the fixed and variable costs in your business, and the difference between marginal revenue and marginal costs. These are some important definitions that you need to know to understand different parts of your small businesses cashflow.

Revenue and Cost | Power Tips | Video

Many Rivers Small Business Resources

Everyone learns differently, so if one of the above resources doesn’t work well for you visit our resources page to find it in a different format. We have articles, podcasts, videos and even some worksheets available! There is nothing holding you back from becoming a cashflow expert.

For existing clients, don’t forget your Many Rivers business coach is only a call away. If you ever have any questions or concerns, don’t hesitate to reach out.

Make sure you are following us on Facebook and Instagram. We often post tips and tricks to running a small business and we love to celebrate our client’s small business wins together.

Not a Many Rivers client? If you think we are right for you, please take the Small Business Self Assessment.

We’re ready when you are.

Sam, business coach, Adelaide SA

Sam, business coach, Adelaide SA

Colin, business coach, Perth WA

Meet a Team Member | Joy

Meet a Team Member | Dylan

Meet a Team Member | Ofelia

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Sam, business coach, Adelaide SA

Sam, business coach, Adelaide SA

Colin, business coach, Perth WA

Meet a Team Member | Joy

Meet a Team Member | Dylan

Meet a Team Member | Ofelia

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