If a business runs out of cash and is not able to obtain new finance, it will become insolvent. Therefore, it is a poor excuse for management to claim that they didn’t see a cash flow crisis coming. In business, “cash is king”. Cash flow is the life-blood of all businesses – … [Read more...]
Outsource your software setup or go it alone? What’s best for you?
As a small business, keeping tabs on your finances is essential. If you don't know how much you've got you can't spend it. If you don't know who owes you the money you can't chase it. And if you haven't got a cash flow your business can't grow. Which is why many small … [Read more...]
What Does It Take to Start Up a Car Repair Shop
This article contains affiliate links. For more info, see disclosure. If you are done with car dealerships and want to go alone in the motor trade, running a repair shop might be just the thing for you. Of course, unless you want to be a mobile mechanic operating out of … [Read more...]
Best Tools for Developing a Profitable Business
All entrepreneurs want their businesses to make profits at one point. After all, making profits is how we keep the score in business and measure progress. To maximize your business profits, you need to be vigilant and actively keep track of your expenses. You need to start … [Read more...]
How to Manage Cash Flow
Anyone looking to set up a new business in the current market place will constantly be facing hard challenges - one of which is how to manage cash flow. The majority of SMEs find the first few years the hardest and it’s completely understandable. Do you have a sustainable … [Read more...]
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