Don’t Let These Financial Ghosts Haunt You 👻

The Spooky Side of Finance

🎃 From the Editor’s Desk

Halloween is about costumes and candy – but in business, the scariest things aren’t found in haunted houses. They’re hiding in your books. Every year, thousands of businesses fail because they miss the warning signs in their finances. This month, let’s shine a light into the dark corners and chase away the ghosts that creep into profitability.

 

👻 Main Feature: The 3 Spookiest Finance Mistakes

  1. Ignoring Cash Flow
    • Cash is the oxygen of your business. Run out, and it’s game over, no matter what your income statement says.
    • Tip: Forecast cash weekly for the next 12 weeks. It gives you early warning before the panic sets in.
  2. Overspending on Operating Expenses
    • That “small” subscription, coffee allowance, or unnecessary hire? It adds up. Slowly draining profit is like being haunted by a poltergeist.
    • Tip: Review expenses quarterly and ask, “Does this directly help us serve customers or grow revenue?”
  3. Confusing Profit with Cash
    • You can show profit but still run out of cash if customers don’t pay on time. Profit is theory; cash is reality.
    • Tip: Track debtor days — aim to collect within 30 days. Anything longer is a red flag.

🎲 Finance Trick-or-Treat

Statement 1: “Cutting costs always increases profit.”
👉 Trick! Cut the wrong costs (like marketing), and you may reduce revenue instead.

Statement 2: “If I’m making a profit, I’ll always have cash.”
👉 Trick again! Many profitable companies collapse because cash is tied up in unpaid invoices.

Statement 3: “Forecasting cash flow helps avoid nasty surprises.”
👉 Treat! It’s your flashlight in the dark.

 

🕯️ Final Word

Don’t let these financial ghosts sneak up on you. Finance Fusion workshops are designed to help non-finance teams master the numbers so they can make better, braver business decisions.

 

 

📣 Ready to upskill yourself or your team in finance?
At Finance Fusion, we make finance simple, practical, and fun – for non-finance professionals.

👉 Book a free 15-min clarity call and let’s talk about how financial literacy could be your turning point.