Business Finance
Key consideration for Business Finance:
- The first rule of business is don’t run out of money
- Cash is the lifeblood of your business. Without it your business can fail
- A cash flow budget is the management tool that shows the expected flow of cash in and out of a business and predicts its bank balance at the end of each month
- Learn to differentiate clearly between cash and profit
- More businesses fail through a lack of cash than a lack of profit
- Planning for cash flow will help to ensure that your business can meet its day to day commitments in a timely manner
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For more information on Business Finance please view our Business Resources
