Budgets: Are they worth the effort?
A lot of small businesses are managed by the owner, especially in the early years of a business’s existence. As the owner is intimately involved in the day to day operations of the business, it is easy to keep control of expenses. As a business grows, however, it may become necessary to appoint employees to […]
So, you want to start a business? First consider the following factors
Often people say wistfully “I wish I had my own business”. Some of them take it further and decide what kind of product or service they will offer. A last few go as far as putting pen to paper to do some planning and calculations. It is at this stage where you need to consider […]
Financial risk management for your small business: Do you know how to do it?
Is it really necessary to be able to manage financial risk? The answer is a definite “Yes!” It can make the difference between having a successful business or being forced to close down the business. Make sure you give your business the best chance to survive and thrive by understanding and implementing financial risk management. […]