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Economic downturns are cyclical, and peaks and troughs are a natural part of any business’ life cycle.
In considering the best choice of finance it is important to match the method of financing with the purpose.
Effective financial reporting is beneficial to your business both during the financial year for critical management decision-making and also for when you prepare your accounts.
The power of two minds is better than one, and building a business can be more rewarding and profitable in a partnership environment.
A budget is an estimate, based on what you know today, on what the net profit of your business and what the cash flow contribution would be from your business in the future.
One of the leading causes for SME failures is the lack of working capital and under-capitalisation. This can be for various reasons, including business growth and lack of reasonable profitability sufficient enough to fund growth.
Choosing the right pricing strategy strengthens your chance of achieving turnover and profit in line with your objectives.
Business performance and staff morale are entwined, and are dramatically impacted when things are tough for your business.
Competing business pressures often make the task of debt management run a poor last to other management responsibilities.
Pricing product is one of the most difficult, yet critical, decisions your business must make.
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