Read this first (then my blog post): Ensure your cash flows in faster than out. Fill your email address in the blank space at the end of this post in confidence and I’ll send you, “The 10 warnings that your business needs a cash flow tune-up”.
It’s just amazing how the cost of doing business has risen. Consider fuel costs – they have sky rocketed Electricity prices have gone through the roof. Rentals, wages and business services are all shooting up. The inflation rate running around 5,8% lulls one into thinking that everything is not as bad as it seems. But costs of products and services that are essential for doing business are increasing at an alarming rate. Continue reading “Small businesses owners living close to the edge need to act fast”
An iconic politician is auctioning off her silver tea set and other items to pay off a debt she owes to a school. A bus company faces liquidation if it does not repay a multi-million loan to its bank. A small business owner receives a red final notice for an overdue account from a debt collection agency – with grave warnings about loss of directorship under the companies act and sequestration.
A sign of the times. Consumers and businesses are finding it hard to pay back their debts as tough economic times continue without any end in sight.
Just think about it: you can come up with a new idea for a business that you are passionate about. You get excitedly busy implementing your idea, trying to break into a highly competitive and crowded market. The idea you started with doesn’t seem to be working as well as you thought it would and through innovation you get things on the right track. That’s what every rookie entrepreneur wants to see and experience – their initial business idea transformed into a viable product or service, making money for them and their family. Continue reading “Starting your business is hard enough … and then you get this”