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4 Essential Money Management Tips for First Time Business Owners

There’s a lot to think about when starting a business for the first time and prudent money management should be at the very top of that list. It’s important to put financial best practices into place so that you can manage your money well and create good habits going forward. Let’s take a look at …

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5 Tips to Ensure that Your Small Business is Scalable

As a small business owner it’s only to be expected that you want to take things to the next level. However, before you begin to grow it’s important to make sure that your business is scalable.  Scalability is your ability to grow your business without overwhelming your current structures or running out of resources. Therefore, …

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How to Work Out Whether Your Small Business Is Profitable Or Not

As a small business owner, you always have a million-and-one things to think about. It can be difficult to stay on top of the numbers and know which ones matter when it comes to the financial health of your business. However, it’s essential that you know whether you’re operating at a profit or not. Burying …

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How to Ensure that Your Small Business is Both Competitive and Financially Conscious

As a small business owner, it’s important to differentiate yourself from the competition, but doing so often comes at a hefty cost. According to the Small Business Administration, just below half of all small businesses survive for five years and just one in three stay afloat for over a decade. The importance of being financially …

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The Five Vital Components That a Good Cash Flow Forecast Must Have

Not sure where you stand and where your business is heading? A cash flow forecast can give you a good idea.   Before listing the components of a cash flow forecast, it’s crucial to understand the concept of what this kind of forecast is. Essentially, it’s a vital tool that helps you understand your finances. …

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The Four Killer Distractions That Reduce Productivity

Optimising the workflow isn’t always as straightforward as it seems, with inevitable distractions frequently present in the background. Here are some of the worst offenders in that regard. Every business strives to make its processes as efficient as possible. However, there are various distractions in the workplace that can be unavoidable. Some can be latently …

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