Small Business: Are You Managing Your Cash Flows Effectively?
Is your business doing well or are you struggling with your finances? In any case, effective cash flow management is essential – after all, it is your ticket to increasing revenues and business growth. But how do you start and from where? Here are some expert tips. Understand working capital Do you truly understand your […]
10 Common Small Business Mistakes
Starting a business isn't always easy. There are so many things to think about and decisions to make; the pressure can cause you to make a poor decision that can hurt your potential for success, or at least set you back. While there isn't a fool-proof plan to reach small business startup success, there are […]
Get the planning and monitoring right
Knowing what you want to achieve and when you are going to achieve it is critical to business. And this requires planning. What do you need to do? Firstly, identify what activities you will undertake and break these down into revenue earning or cost incurring ( or investment) and determine the time frames for each […]
Have good accounting information
Good accounting information will keep your business on track and will alert you early to any issues and enable you to make appropriate changes. A major factor to consider is the structure of your accounting system and how transaction information is captured. Remember garbage in, results in garbage out. Know what it is you want […]
Link your vision to achievable goals
We always like to dream big but the vision will not become a reality if you don’t have appropriate achievable goals. These goals are the steps required in each area of your business in order to get what you want. You need product and service goals, sales and marketing goals, financial and operational goals as […]
