Running a small business is not a breeze. It comes with various challenges; the most important one being managing and securing funds. When you start a new business or when you own a small business, you might not have extensive capital in hand. To fulfill various requirements like paying suppliers and employees, fetching raw materials,… Continue reading Five Critical Steps to Securing Small Business Capital
Tag: working capital
The importance of working capital in your business
Working capital is an important metric in businesses of all sizes. It tells you where your business stands when it comes to meeting current and short-term expenses. In other words, this metric helps you gauge the current health of your business. To keep their businesses running smoothly, small business owners need to keep tabs on… Continue reading The importance of working capital in your business
Understanding Money Management
Money management entails spending, budgeting, investing, saving or in another way methods employed in overseeing the finance inflow/outflow of a person or firm. In relation to the financial markets, the phrase “money management” connotes an investment expert that carries out decisions regarding investment for a massive chunk of cash, for example pension plans or mutual… Continue reading Understanding Money Management
The Savvy Entrepreneur’s Guide to Maximising Working Capital
Sustaining a good cash flow is vital to the success and long-term viability of your business. Basically, the quicker cash goes in and the slower it goes out, the better. This is because your money will stay in the business and works hard for you. To ensure this, you need to manage your business finances… Continue reading The Savvy Entrepreneur’s Guide to Maximising Working Capital