Here are three ways to creatively and effectively grow your startup without relying on money from outside investors.
Tagged: cash flow
As a small business owner, you’re often told to hire someone to manage your finances, but you’re rarely given advice to make sure you hire the right person.
What happens when cash flow slows, and the bills pile up? In this article, we’ll look at who will get paid and who won’t.
Management of revenue streams is just as important as the creation of them. If systems aren’t in place to manage the influx of enquiries, sales and service then you will inevitably struggle, if not fail.
A mere few months of working at a loss can severely damage any reserves you have built up. Protect cash reserves you have by having these important flags in place to immediately warn you when your business finances are going off track.
Remember profit is the bottom line number. Maintaining a healthy bottom line is needed to achieve longevity. Begin by implementing these five strategies to increase your profit today.
A skilled accountant then, is your lifeline to sanity when running your own business. They help juggle the problems that you simply don’t have the expertise in dealing with …
I once heard of accounting being referred to as the “language of business”. There’s some truth to that.
The difference between cash and profit is not subtle. Understanding the difference and planning ahead is essential to prevent financial disaster.
If your accountant can’t answer these questions, it might be time to find a new one.