Entrepreneurs and managers use budgets and cash flow forecasts to establish the business direction and define how their objectives will be achieved. To make informed business decisions in the present it’s important to know what to expect from the future. Build a solid budget to set up your next targets…

Your cash flow is your company’s financial health indicator and you probably already know how important it is to carefully monitor it. …

You want to have a complete overview of your business financials and to know what are your next expected inflows and outflows. Congrats, this is your first step towards a better sleep — 69% of small business owners are kept up at night with concerns about their cash flow. If…

As an entrepreneur, you’re committed to making your business grow and this means you have to keep an eye on a lot of information that keeps you on top of everything you need to know. Making business decisions isn’t always easy, it takes more than a gut feeling; actually, it…

For owners of small businesses, an understanding of various financial indicators and ratios is crucial, especially when business growth is the main objective. There are many types of financial KPIs that should be taken into consideration by an entrepreneur, each and every one having its particular relevance in the success…

If you’re an entrepreneur, financial information should be always at hand and you should consider it one of your best friends when it comes to managing your business. Financial information is usually scattered in many directions and the ability to understand the data from your company’s financial documents is crucial…

During the accelerator program run by MKB Fintechlab early on this year, we (the ThinkOut team) came across growth hacking — a relatively new concept for us. It sounded like magic: getting thousands of customers in no time with little money! Of course, no one really thought it was a…

At the beginning of 2018, we had the chance to take part in the accelerator program run by MKB Fintechlab in Budapest. Until that point, we only had a slight idea about what an acceleration experience means from the many articles we read and just by talking to people. We…

“How do I reduce expenses?” is the question that usually follows after “how do I increase the profit?” because they are closely linked. Increase in taxes and prices lead to a smaller profit if you cannot support a similar increase in your prices. What is left as a solution for…