In a recent article, you discovered how to write a profit and loss forecast for a start-up business. Any finance house or bank looking at a lending proposition, cannot make a decision to support a funding request based upon this document alone. The profit and loss forecast will support the story within the business plan, […]
Cash flow management is a crucial part of running a business. Keeping track of your outgoings and income can help you understand your business’s cash flow pattern, and identify potential gaps early on. In this case, maintaining healthy cash flow levels comes down to a simple rule: reduce your expenses or increase the money coming […]
A few weeks ago I wrote about five traps business need to avoid in order to succeed. In my blog today I want to talk a bit more about one of those particularly insidious traps. I want to talk about cash. Cash is the lifeblood of any business and the lack of it is the […]