Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
How To Stay Profitable As A Small Business.
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="moonchild, post: 275326, member: 57467"] One of the reason most people get involved with small business is staying cash liquid and profit positive. Because with small business, the capital is often not large and customers are recurring, think about a small food restaurant or a street snacks vendor, they are all tight on capital and they almost sell their products everyday. Separating capital and profits has to be taught to avoid financial error which are prone to happen in those type of businesses. 1- Protect the capital first: Capital should always be protected, because without it, it'll be hard to stay in the business, not possible even. It is like losing your stake in a casino, you'd have no option than to go back home. 2- Keep Records: Keeping records is not common in small business, after all they are small and they don't have the resources to hire a record keeping assistant, but nowadays, due to the evolution of technology, we have simple record keeping softwares that can keep track of your expenses, some of them are MS Spreadsheet, TrackExpenser etc. 3- Stay Away From Debtors: Small business owners will agree with me on this because it's one of the ways that small businesses get crippled, debtors will always be there, they want everything on credit with a promise of paying later, which most don't, before a small business owner should issue out a credit, assess the credibility of the person, because once you hand out your service or product then you're at there mercy [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
How To Stay Profitable As A Small Business.
Top