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Is discounting prices really the answer?

Posted on September 12, 2018 Leave a Comment

Is discounting prices really the answer?

When business is slow, it’s tempting to consider discounting prices to generate sales and improve cashflow. This strategy may be appropriate if you wish to: Reduce overall stock levels Remove slow moving stock to make room for more popular lines However, many business owners discount prices in the belief it will generate sales and improve…

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Filed Under: Financial Mastery

7 Tips to Improve your Business Cashflow

Posted on May 11, 2018 Leave a Comment

7 Tips to Improve your Business Cashflow

When cashflow is a problem, your business is in peril. It means you are constantly struggling to pay your staff and suppliers because you are waiting for your customers to pay you. Businesses die and owners become distressed when there are cashflow problems. But with a little work and planning, you can take control of…

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Filed Under: Financial Mastery

4 Steps to Clarity When Performing Small Business Planning

Posted on March 2, 2016 Leave a Comment

4 Steps to Clarity When Performing Small Business Planning

Small business planning is an area where many entrepreneurs stumble at the beginning of their careers. We’re not talking about writing a business plan here. Though that step is often necessary at the very outset of a venture, the vast majority of business plans simply evaporate in the face of actual events. No, what we…

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