It’s quite difficult to determine how much money you’ll need in the first year of your business without knowing a little about the model you plan to use for your company. For example, you might be running an online company from home. Obviously, you’re going to need less money for this compared with a business […]
Every business owner needs some form of insurance. Think of insurance policies as safety nets that you can land on if you slip off the business ladder. There’s a lot that can go wrong when running your company and the recovery could cost you a fortune. Everything from theft to a lawsuit is a possibility […]
Keeping a tight control of your cashflow is the single most important thing you can do when running a business; particularly when you are just starting out. All companies need cash to survive – and thrive – and meeting your financial obligations and having money to invest in opportunities is critical. But how do you […]
Every penny counts when you are running a business. Not only will it free up substantial cash that you can use to improve your company’s performance, but it can also improve your bottom line – meaning you will be more profitable. And the key thing to remember about keeping costs down is that you don’t […]
Many people have incredible business ideas – perhaps even world-changing. And a lot of work goes into turning those ideas into a reality, driving buzz around the product, and storming towards a successful launch. But as soon as that launch date arrives, no one buys. You might be perplexed, confused, and unsure as to why […]
New entrepreneurs are often unaware of the many legalities surrounding a new business. Most specifically, the legal structure of your business.
There are a number of different paths available to you if your business needs some money. You could look to reinvest the profits of the business. Or you could try to find an investor or business partner who will inject some cash into the enterprise.