They say that money makes the world go round and we certainly all need it. Some are great at saving it, others spending it and in the current climate your relationship to money is something important to consider.

Small businesses have some great tools to manage these ups and downs, and one of them is cashflow. Done in the right way, cashflow management can save your business from disaster and boost it towards growth when things are going well.

According to the insurer LV=, the UK worker will change jobs every five years on average. Assuming you have a new pension for every job, the average 50-year-old will have accumulated six pensions.

So, if you are a business owner, what can you do to limit the impact that inflation and rising interest rates may have on your enterprise?

The first step in preparing a budget is to identify those boosters. In order to do that you need to run a SWOT analysis to identify the most promising activities or the acutest threats to mitigate. These will be the backbones of your next year’s budget.