“The term cash flow refers to the net amount of cash and cash equivalents being transferred in and out of a company. Cash received represents inflows, while money spent represents outflows.”
Amal from Accountingpreneur said “To business owners, keeping an eye on your cash and having proper cash flow management protocols is the cornerstone of running a profitable business.” Everything from how you make business decisions to paying suppliers and setting goals (both short-term and long-term) relies on healthy cash flow. But why exactly is cash flow management so important to a small business?
Understand your Monthly Expenditures
Cash flow management puts a spotlight on how much of your money is coming and going, but more importantly, where it is going. By understanding your monthly expenditures, you can see if there are discrepancies and adjust when necessary.
Allows You to Maximize Opportunities
By knowing exactly how much cash you have on hand, you can make better investment decisions when opportunities present themselves. With a thorough understanding of your cash position, the decision of whether to jump on an opportunity or wait for a better time becomes simpler to make.
Properly Budget for Taxes
Taxes need to be …
Do you want to improve the image of your company? And do you want to comply with all the environmental rules and regulation for businesses? In that case, your company might benefit from sustainability consulting. There are several companies that specialize in consultancy concerning sustainability. They can provide convenient measuring tools such as the product environmental footprint or PEF for short. Additionally, you can implement adjustments in your business processes based on insights derived from this PEF.
What is sustainability consulting?
Sustainability consulting is professional advice adjusted to your company in the field of sustainability. A consult on sustainability can be aimed at different goals. One of these goals can be to comply to the set and upcoming rules and regulations for the impact on the environment for companies. Alternatively, it is possible to increase the brand and image of your company by improving the sustainability of the business processes and other facets. Either way, you will need to identify the way in which it is either easiest or most profitable to increase sustainability.
How sustainable is your company?
Sustainability consulting can only be successful if you have a clear benchmark of the sustainability of your company. To this …
Financing your business is the first thing business owner need to do in order to continue running their own business. In the past time, it used to be very hard to find a guaranteed loan type in Cambodia. Now, thanks to the hard-working Cambodian government especially the Ministry of Economy and Finance (MOEF) which has put a lot of effort in creating the first Credit Guarantee Corporation of Cambodia ever. Credit Guarantee Corporation of Cambodia Plc. (CGCC) is the state-owned enterprise that was established and operated under technical and financial support from the MOEF.
Explain the meaning of a guaranteed loan
Most people might have not known what actually “Guaranteed loan” is. A guaranteed loan is the type of loan that has a third party who can guarantee the loan that you tend to get or apply for. It means the third party will become the one who received the debt obligation when the borrower of that loan could not make timely payments, misses payments, and sometimes even avoids or stops making payments on interest or principal that the borrower owed.
How to apply for a guaranteed loan?
The guaranteed loan term might not be a …
Around a year ago I realized I wanted to start to look for a different career. I was sick of the one I was in and just felt like I was in a rut. So because of this I decided I needed to do something completely different! The problem was figuring out what I wanted to do in the first place. It took me a couple weeks before I finally figured out what I wanted to do. It was something difficult, but I realized I wanted to try sales. This meant I needed sales training.
If I didn’t get any sales training then I would be in trouble because jumping into a new career without any knowledge or training about the subject is a problem. While I may have spirit and intention, I need to have knowledge and skill to back it up. This way I can make sure I have a successful career. It didn’t take me long to find a couple training classes that specialized in sales. I took the courses and after I was finished I felt ready to move on ahead and begin a job in this new career path. The only reason I felt …
My brother has worked in sales for a couple of decades. My brother suggested that I apply to work at the same company he does, but I was originally reluctant because I thought that it would take a lot of time to learn about switching careers. He made sure to let me know that my assumption was incorrect, and that anyone can get quick sales training in order to work in that field pretty quickly. He also promised me that he would spend some time with me to help get me up to speed so that I could ace my interview and get a good job with selling after being hired by his company.
It only took a little bit of research to find a local business that offers the training that I needed. I signed up for classes, and I was impressed with the cost considering everything they taught me. I came away from the courses feeling much more confident. I was taught how to enter negotiations in a relaxed way, how best to seal a deal when the negotiations are not clear cut up front and so much more. I went into it all not being sure of …