Business News
At 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…
Read MoreAt J McEvoy we believe overheads are one of the easiest parts of an SME to lose sight of because they usually do not rise in one obvious jump. They tend to grow quietly through a series of decisions that each seem reasonable at the time. A new software subscription, an extra outsourced support servi…
Read MoreAt J McEvoy we believe growth is often celebrated too quickly in business. Rising sales, new hires, bigger orders and expanding operations can all look like positive signs from the outside. However, growth does not always strengthen a business if the cash position underneath it is too weak to suppor…
Read MoreAt J McEvoy we believe stock is one of the most misunderstood financial pressure points in product-based businesses. Many business owners see stock primarily as a practical issue involving ordering, storage and fulfilment. In reality, poor stock control can quietly weaken cash flow, reduce margins a…
Read MoreAt J McEvoy we believe one of the most misleading signals in business is strong revenue. On paper, rising sales figures can make a business look healthy, ambitious and successful. Owners may feel reassured by a full order book, growing turnover and a busy team. Yet strong revenue does not always mea…
Read MoreAt J McEvoy we believe one of the most common weaknesses in growing SMEs is the assumption that rising sales automatically mean the business is becoming more profitable. In reality, growth can often hide serious issues around pricing, resourcing and client performance. A business may appear busy, re…
Read MoreAt J McEvoy we believe one of the biggest misconceptions in business is that growth automatically solves financial challenges. Many Irish SMEs work hard to increase sales, win new customers and expand operations, believing that higher revenue will naturally lead to greater stability and profitabilit…
Read MoreAt J McEvoy we believe one of the most underestimated challenges facing growing Irish SMEs is business complexity. Growth is often viewed as a positive sign of success. More customers, more products, more employees and more opportunities can all appear to indicate progress. However, complexity frequ…
Read MoreAt J McEvoy we believe that every business owner faces an endless stream of decisions. Some are small and operational, while others can have a significant impact on profitability, cash flow, growth, and long-term success. Whether it is deciding when to hire, invest in equipment, launch a new product…
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