Why, as a business owner, you shouldn’t put all your eggs in one basket read more ►read less ▼
One of the biggest worries business owners have is cash flow and income. I’ve known many businesses that have had to shut up shop when they’ve lost a client, or a manufacturer has stopped making the product that is their best seller, or other such problems. The issue here was relying too much on one … Continue reading Why, as a business owner, you shouldn’t put all your eggs in one basket
How to never chase clients for payment again read more ►read less ▼
Late payments. Probably two words that send a chill down any small business owner’s spine. Chasing overdue invoices can be such a chore, especially if your day-to-day contact for the work is the same person who pays the bills. You spend all your time building a relationship with them, and then you’re worried about causing … Continue reading How to never chase clients for payment again
Managing your personal finances as an entrepreneur read more ►read less ▼
Running a business isn’t a 9-5 role, and as an entrepreneur, you will inevitably be tied up with your business in more ways than one. This includes your personal finances. Most entrepreneurs will use their personal finances to fund their start-up, and it’s well-known that, especially in the first couple of years of operating, salaries … Continue reading Managing your personal finances as an entrepreneur
10 ways to ensure a smooth cash flow read more ►read less ▼
What exactly does cash flow mean and why is it so important to a business? As the name suggests, cash flow is the movement of money into and out of a business. Money coming in from sales of products, or client fees etc., and money going out to pay suppliers, salaries etc. So the balance … Continue reading 10 ways to ensure a smooth cash flow