How cash works in business

For all organizations be it multinationals, small and medium-sized enterprises, or not-for-profits, money is needed in order to be sustainable, and achieve their vision and objectives. Business owners are looking out for dividends and capital appreciation hence, the need to declare more profits. Profits are good and much preferable to losses however, it drives most …

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Funding for Small Businesses: A Look Quick at Some Sources of Funding

There are many things every business, including small businesses need for growth and survival. One of such is financial support. Money is needed to pay workers, purchase materials for work, and settle financial obligations, among others. However, one of the challenges business owners have battled with for long has to do with getting funding. In …

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How To Use Budgets To Manage Your Business Performance.

The first month of the year ended some few days ago and we are in a new month but have you stopped to consider how January performed, especially against targets and against January 2018? This article explains how you can do that by using budgets. If you do not have a budget for your business, …

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Managing your Debtors Effectively for Business Success

It is now widely accepted that cash is king and at the same time, the lifeblood of any business. Imagine this situation in a cash strapped workplace: there is little cash to purchase run-out inventory, creditors are making arrangements to sue due to prolonged non-payment of credit granted, workers have not received their remuneration for …

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