Ruth Badger: 'Do you have a grip on your finances?

Why it is vital all businesses know their break-even point and constantly evaluate their figures

Regardless of when your financial year starts, the start of the year should be treated as a fresh start and businesses should take a different approach on the way that they are working.

All small companies must use the first quarter of the year to spring-clean their firm, this is an absolute business fundamental. I have found that it's often the smaller businesses that hide behind their figures. On a quarterly basis I review all my costs, fixed and variable, to see if I can negotiate a better deal because I'm always looking to reduce cost and increase profit within the business.

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