The difference between cash flow and profit

Sales and profit are two very different things – as a business owner, you can find yourself without the cash to pay bills despite making sales you knew were profitable. You may also be startled to discover that strong cash flows from sales deliver little profit. What exactly is cash flow? A cash flow forecast tracks cash flowing in and out of your business. The timing of these flows enables…  Read more

Launching a business? Ask yourself these 9 questions

Starting a new business can be incredibly exciting, the passion for what you are wanting to achieve driving you forward.  It is important to thoroughly evaluate your business idea before taking the plunge to ensure you’re creating a sustainable and successful venture. To get started, here are 9 questions to consider as part of an overall evaluation process. Save yourself money, time, and heartache down the line by investing a…  Read more

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