A guide to maintaining a healthy balance between money coming in and out of your business.
If your business does not have a steady stream of money flowing into it, you will be unlikely to be a going concern in 12 months.
On the other hand, every business will have regular costs that they have to pay out. These payments can range from the cost of buying materials to making sure your staff remain sufficiently caffeinated.
A successful business needs to keep the balance between money coming in and money going out weighted on the side of the former. (more…)