Profits are, in theory, simple things. You calculate your profit by subtracting your costs from your revenue. That means, increasing profits requires you to increase revenue, reduce costs, or do both — though, as business leaders know, that is often… Continue Reading
Managing your business finance is important because when you know your financial position you can make projections for the future which help you to make essential business decisions. Having everything in order also makes it easier when you have to… Continue Reading
Poor cash flow isn’t something that any business wants and taking out loans can be expensive in the long run. Interest rates and fees can quickly build up end up costing you— big time. But what if you’ve already got… Continue Reading
Operating a business is indeed a challenging task. You will find most businesses have a roller coaster ride and if you are a startup unit, the challenges are even more. Being a new player in the market means you need… Continue Reading
As an entrepreneur, it is essential to understand the exact difference between bad debt and good debt. Bad debt is the amount which you cannot leverage while growing your business. It is also referred to as reductive debt. It’s the… Continue Reading
So, you’ve got everything chalked out for your startup. The framework, the strategy: it all seems to be in place. Great! But for any idea to become a reality, you need an investment. Getting them is not easy. If your… Continue Reading
For bloggers everywhere, the work they do is born out of passion more than anything else. It’s rare that you will find people in this sort of field if they lack this spark. Of course, though, this doesn’t always mean… Continue Reading
If there’s one thing SMEs need lots of, it’s money. More than 50% of startups fail in the first year because they fall into debt. Once they cross over into the red, it’s almost as if there is only one… Continue Reading
Running your own business can be tough. Especially at the start when it feels like you are doing everything for yourself. Sometimes, either to launch your business or to take it to the next step, you require a cash injection.… Continue Reading
Everyone wants to avoid stress when they’re starting a new venture in life. Whether it be on a smaller scale involving your personal family life, or on a larger scale that involves many other parties, like creating a business, is… Continue Reading
Today’s entrepreneur walks a fine, fine line. Starting out, and in those all-important early years, entrepreneurs have a single dictum drilled into their brains. That’s the ABC- Always be Cost cutting. Nascent businesses have to keep an eye on their… Continue Reading