There are many motivations as to why we all start-up and sun our own businesses and no matter if it’s a local mom & pop store or the planet’s largest corporation, one thing we all have in common is the desire to make a profit. Even charities and not for profits need to ensure good financial health, as any surplus after running costs can help further their cause.
So the way to do this is to monitor your finances and notice any issues and deal with them promptly.
Regularly Do Your Book-Keeping
The first thing any business should do is not neglect regular book-keeping as this is the main tool to enable you to see how you are performing.…Continue reading