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At J McEvoy we believe one of the biggest challenges facing growing SMEs is not generating more sales, but managing the cash needed to support those sales. Many business owners assume that if revenue and profits are increasing, the business will naturally become financially stronger. In reality, gro…
Read MoreAt J McEvoy we believe one of the most dangerous assumptions in business is that more sales will solve underlying financial problems. For many SME owners, the instinctive response to pressure is to chase additional turnover. If cash is tight, the answer seems to be more customers. If margins feel we…
Read MoreAt J McEvoy we believe many SMEs underestimate how closely operational reporting and financial performance are connected. Reporting delays are often seen as an internal inconvenience rather than a commercial risk. If stock reports are late, project updates are incomplete or management information ar…
Read MoreAt J McEvoy we believe growth is often treated as an automatic sign of progress, but expansion can create serious financial pressure when the underlying processes of a business are not ready to support it. More customers, more orders, more staff and more activity may look like success from the outsi…
Read MoreAt J McEvoy we believe growth can be one of the most exciting phases in a business, but it is also one of the easiest times to lose financial control. When an SME is expanding, attention naturally shifts towards sales, recruitment, delivery, systems and customer demand. That is understandable. Growt…
Read MoreAt J McEvoy we believe one of the most frustrating situations for an SME owner is to look back on a year of hard work, strong activity and steady sales, only to find that the business has very little cash to show for it. The team has been busy, customers have been served, invoices have gone out and…
Read MoreAt J McEvoy we believe one of the more frustrating realities for SME owners is that profitability does not always translate into financial freedom. A business can be profitable on paper, trading well and building momentum, yet still struggle to fund the next phase of growth. Owners often assume that…
Read MoreAt J McEvoy we believe one of the easiest ways for an SME to lose profit without realising it is through underpricing repeat work and long-term client accounts. These relationships often feel stable, predictable and commercially valuable. They may have been with the business for years, provide regul…
Read MoreAt J McEvoy we believe many SMEs treat budgeting as a finance exercise rather than a business discipline. A budget is often prepared by the owner, finance manager or external accountant, reviewed at senior level and then largely left within the finance function. The problem with this approach is tha…
Read MoreAt J McEvoy we believe margin erosion is one of the most dangerous financial issues an SME can face precisely because it is rarely dramatic at the start. Profit margins do not usually collapse overnight. More often, they weaken gradually through a series of small changes that seem manageable in isol…
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