Business Challenge see all
Mar 28, 2016

Finances

A business needs capital so make sure you have the right skills in place to get your numbers in order. A good financial person is always key. The numbers may never lie, but they also don’t add up, unless someone is on top of that. Don’t throw good money after bad and don’t be scared to switch off the tap and pull the plug if something is not working. Look for bad debt and don’t be sad to see bad customers go. Cashflow is fundamental so make sure you are on top of the numbers. Staying in the black is not only about good products and healthy sales, but also about the bigger picture and about the details. Don’t get caught with your pants down.

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