All tagged money
Financial management is a vital part of running a successful business, but often entrepreneurs start their business with little understanding of how to make solid financial decisions. Managing your finances is about more than bookkeeping and paying taxes—although those are also important to a sustainable business
Making a positive difference contributes to the greater good. It can also boost employee morale for people to know they work for a company that gives back. It’s called social entrepreneurship, which means running a business that has a charitable component.
Sales and profit are two very different things – as a business owner, you can find yourself without the cash to pay bills despite making sales you knew were profitable. You may also be startled to discover that strong cash flows from sales deliver little profit.
