An entrepreneur must channel confidence and optimism but most of the time feels self-doubt and makes assumptions of failure. If you’re asked what is needed, you will probably mention more clients, knowledge, and a template of how to achieve success. By Gerty Green
In this day and age, this concept of needing fuel to keep the generator running is not something unheard of and many business owners can relate. Thanks Eskom for this great way to explain the cash flow concept! Cash flow management. By Gerty Green
My friend was complaining to me that she is working so many hours in her start-up partnership business and does not get compensated for the work she is doing. She gets up at 3:15 am to get everything done, and in peak times even goes a day or two without sleep. This whilst she is still a wife and mother. By Gerty Green
The relationship between inventory management and sales is important because you can only know what inventory you have – if you know what has been purchased and what has been sold – with the net effect being the impact on the cash flow. In order to track the profitability and cash flow, the business owner must make good decisions about key operations in the areas of re-ordering products, how much to purchase, where and when to purchase.
