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The power of cash flow forecasts

At some point in its lifetime, every small business suffers from cash flow problems. The trick is to think ahead and figure out when these problems are going to arise, so you don’t have to unexpectedly postpone a purchase or...

Seven ways to tell if your business idea will succeed

Document the positives in your business plan to persuade both yourself (the most important person) and stakeholders such as lenders, investors, suppliers and potential customers that your business idea is sound. 1. Your idea has a strong point of difference...

Fixed cost summary calculator

Use the Fixed costs summary calculator to work out monthly business overheads. Download the Fixed costs summary calculator

Get better deals from your suppliers

Being on good terms with suppliers could translate into special deals or preferential treatment. Your suppliers may also give you greater leeway in the face of a cash shortage or when you need extra time to pay. Build the relationship...

Grow your business by raising your cash potential

Growth has its risks but a well-designed strategy can deliver stability, security and long-term profits. When it comes to expansion, it’s not always necessary to borrow money. You’d be surprised how your own internal resources can be maximized to provide...

When to invest in more equipment

Is it time for your business to invest in some new equipment? And if so, is it a smarter business decision and more cost-effective to hire or buy? Why you might need new equipment The right equipment can enhance your...

Calculating your break-even point

Before you start a business, and perhaps leave a job, try working out if your idea will be worth the risk. If you’re confident there’s a genuine demand for your potential product or service (and at the price you want),...

Increase your profit in 90 days

Gaining larger profits depends on accomplishing all the little things better – rather than making one huge change. You’ll need to focus on every little detail to reduce your expenses and increase your sales turnover over the coming 90 days....

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