Don’t be one of the 80% of small businesses that fail due to cash flow problems. It’s the right time of the year to get a budget in place that can help you steer your company away from cashflow problems
One of the toughest questions faced by a leadership team or a business owner is when to start taking dramatic steps to preserve your business. Most wait too long and human nature plays a big role in the waiting. So
Should we continue selling a low-profit product line? Are we overspending on administrative expenses?
Businesses every day wrestle with these decisions.
But is ownership/management making a decision based on data and external insights? Or, are decisions based on intuition and feel vs.
As a business owner one of the tasks at hand is to promote and package your business is a stable business entity that is credit worthy and an attractive investment.
To do this you need to continually monitor your business results