Many people would agree that running your own business – while rewarding and exciting – can be challenging and complex. Your business might well be a vehicle for your ideas, motivations, and goals, but its success is dependent on sound financial management. Setting...
We mentioned in a previous post that in business you’re always managing and taking risks and that part of managing and minimising these risks is planning. Planning is fundamental part of operating a business, which is why many of the subjects in our Small Business...
A little while ago, we published a post about goal setting, where we suggested that you start setting some short-term business goals that will help deliver your long-term business goals. The majority of people are familiar with long-term goal setting; it’s a...
In a previous post we talked about how important it is to plan and keep taking risks in business. A big part of planning is goal setting; in fact, the two are so intimately linked, it’s impossible to really do one without the other. In our Small Business Management...
We often talk about how important it is for businesses to make plans – marketing plans, financial plans, business plans; they’re all subjects we cover in our Small Business Management and Start-Up Course. The reason we suggest all this planning is that it helps you to...
This is the last post in a series of posts about financial planning for small business, which coincide with a module on planning small business finances from our Small Business Management Course. Here, we’re going to look at the most important part of the financial...
We’re been publishing a series of posts about financial planning for small businesses, which is also a module in our Small Business Management course. We recently looked at the very important aspect of any healthy business: cash flow, which brings us to another way of...
In our series of posts about financial planning, we’ve been talking about each of the crucial ingredients you need to include in your business’s financial plan. We’ve discussed using a financial spreadsheet for sales forecasting; now let’s take a look...
