Growing your business, especially growing rapidly, can be a really great accomplishment, but there are dangers when growing too quickly. Here are several traps to avoid to ensure successful growth: Cash flow: Quite often, a small business will have cash flow issues when growing too rapidly. This is due to a delay of getting paid, […]
cash flow
Is Cash Flow Going in the Wrong Direction?
Cash flow. It’s what keeps every business alive just like the blood flowing through your veins. The irony is that although it is extremely important, it is not managed properly by many businesses, even the successful ones. Here are reasons for common cash flow issues and how to fix them: Problem: delays with receiving payments: […]
Where is all of the Money Going?
You’re a small business owner, keeping busy, but there always seems to not be enough cash. An entire book can be written on this subject, but here are a few reasons why you may feel your business is short on cash: Taking too Much: Unless you have other income sources, you need to either take […]
Are You Overwhelmed By Debt?
Why or how do so many people get into trouble with debt? When does it become a problem? There are so many reasons, such as job loss or, health problems, but overall it is a disconnect between income and spending, and not enough focus on financial management. I’d like to share a few simple ways […]