Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.
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Anyone running a business knows the story: one day, there is a pile of cash in the bank, then it appears to disappear overnight.
Here are some more tips to help you manage your cash flow if you ever find yourself in this situation.
Running a business without a business plan is like rock climbing blindfolded. Your chances of making it successfully to the top are slim.
A business plan is a step-by-step guide to running your business and creating a product or service that will make it successful in the marketplace.
While change is not something that most people embrace quickly or open-heartedly, if it’s done too cautiously it can flatten revenues, eat profits and lead to business failure.
This is particularly true for small businesses where the resources are limited and the margin for error is slim.