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You can Grow a Business in a Difficult Economy
Running a small business is hard work in any environment, but it's even more challenging in a tough economic climate like the one that South Africans find themselves in at the moment.
It is important to keep track of your finances (down to the last cent) and save money to help manage your cash flow. When you have a positive cash flow, it helps you to pay your bills on time, make business moves when an emergency (like a power outage) comes up, and you can also reinvest back into your business.
New This Week (23 May 2023)
What You Need To Know About Business Reports
Business reports use facts and research to study data, analyze performance, and provide recommendations on a company's future. When you need to make an informed decision within your company a business report can guide you in the right direction.
To help you out, here are five guidelines and steps you can follow when creating a business report.👇
Make Sure Your Business Loan Is Perfect For You
Do you need funding for your small business? Complete the form below and up to four companies who offer funding may submit quotes to you by emailing or calling you at the phone number provided.
Can Accounting Software Reduce Costs in Business?
Yes, it can! Using effective accounting software significantly reduces the risk of significant financial loss. Additionally, the time and manpower that would otherwise be needed to organise the financial data is reduced through automation.
Modern technology gives you the power to ensure accuracy in your financial reporting, saving time, saving money, and much more.
How To Create A Cash Flow Forecast
Cash flow forecasting is the process of estimating your future sales and expenses. This is a vital tool for your business because it will tell you if you'll have enough cash to run the business or expand it. A cash flow forecast will also assist you to:
Get the full picture of what happened with the cash flow
Show you where your business stands
Help find billing, collections, and payables systems failures
Streamline monthly expenses to reduce money going out.