Wouldn’t it be useful to have a fortune teller, who can tell you where your business what issue your business will face in the future? With a bit of foresight - it’s a lot easier than you’d think to pre-empt mistakes and take preventative action before they happen. The good news is you don’t have to go to a gypsy fair to do so.

Often business owners are too busy working in the business to work on it. However, as the business grows it is critical to assess your processes to ensure you don’t get overwhelmed. This is the key to being an owner as opposed to an operator.

Did you have a meeting with your finance team this morning? Did you ask them how your cashflow looks for the next six months? What issues you could potentially face? How you are tracking to your targets for the year? What your KPI’s are?

Cashflow is the lifeblood of any small business and keeping on top of the money flowing in and out is essential for a business to survive and thrive.

The biggest mistake you are making is not knowing, understanding and defining what the issue is.