All in Planning
Many small business people wonder whether they should buy or lease capital equipment for their businesses. Your options regarding leasing or buying depend upon the nature of your particular business. Still, there are a few guidelines you can follow to help you decide what you should do.
Managing cash flow is a vital part of running a successful business. Some business owners think managing cash flow simply means keeping track of how much money enters and leaves their business, but there’s more that goes into it. Cash flow forecasting, for example, is an incredibly valuable tool that helps you anticipate cash flow issues, plan for days when your cash flow is limited, and show the bank that you are prepared.
For many business owners, determining the success of a business comes down to how much profit the company makes. Of course, finances are an essential measure of a company’s overall success. If you don’t bring in more than you spend, you won’t be in business for long. Profit, however, isn’t the only relevant benchmark by which to measure your activity.
