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90% of small business failures are caused by poor cash flow. Put simply, not enough cash coming in the door and too much going out. Getting paid on time and managing your outgoings is critical to business success. Here you will find all you need to know about ensuring you get paid on time and developing effective cash flow policies.
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Financing your startup business
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25 January, 2012 |
| The key to financing your startup business is a sound financial plan that makes sense to both you and your prospective lender. Here are six steps towards securing a successful loan for your startup business. |
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Three tips towards good cash flow management
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12 January, 2012 |
| Small businesses may have a tough year ahead after recent ASIC figures reveal that insolvencies have reached a record high in 2011, and there is no doubt that this is directly related to poor cash flow management. Read on for three tips towards a sound cash flow management strategy. |
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Cash flow forecasting for small businesses
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09 December, 2011 |
| Cash flow is one of the key factors influencing small business survival, and the gap between when a business invoices and when it is paid can make or break an enterprise. With this in mind, here is how you can build a successful cash flow forecast. |
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Collecting with care: Effective debt recovery strategies
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02 December, 2011 |
| Small business owners will err on the side of caution when it comes to collecting overdue accounts so as not to damage their relationship with regular customers. Businesses should not ponder over whether to collect a delinquent account but instead learn how to do so in an effective way. Here are some ways you can do so. |
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Why small businesses need cash flow
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24 November, 2011 |
| There's an old saying in business: "Profit is queen, but cash is king." If you're a business owner, it is critical that you understand the difference between profit and cash as it could determine whether your business survives or fails. |
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Developing a profit and loss forecast plan
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04 November, 2011 |
| A detailed profit and loss forecast can help you make sound decisions about operations and investments to make your business grow. Read on to find out how this tool can help you understand and use the relationships that drive revenue and expenses in your business. |
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Profits or growth? Selecting the right strategy for your company
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28 October, 2011 |
| It's a question as old as business itself: Should you put profits into your pocket or back into your production Choosing between keeping profits and spending them on company growth has always been tricky so read on for tips on how to decide between which course to follow. |
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Accounting issues to avoid
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20 October, 2011 |
| Small business owners face many of the same challenges that larger businesses face. However, unlike with large corporations or partnerships, many small business owners lack the financial resources to pay for professional services or third-party help. If you are a small business owner and find yourself in this situation, consider the following tips to avoid small business accounting issues and ensure the proper handling of your company's finances in the future. |
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Three steps to budget success
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14 October, 2011 |
| Even when the economy is going well, people often want to know how to "find" more money in their budgets. Expanding your budget, however, is never as simple as wishing the money into existence. If you want to save money in the long run and build wealth, here are three things you can do to achieve your goals. |
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Six accounting rules to break
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06 October, 2011 |
| The difficulty with accounting is that it is often not very useful or exciting.The key, however, is to give up thinking like an accountant and instead think like a finance person. There is a substantial difference. Accountants live by rules. Finance professionals break them. Accountants give you data about the past. Finance professionals give you actionable information about the future. |
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