Steady cash flow lies at the heart of all successful businesses, regardless of either their size or industry. Achieving and maintaining it is imperative for long term success and stability – however, it’s not an easy feat to secure. The reality is that many small businesses experience seasonal ebbs and flows in their cash flow […]
In this very moment, there is likely someone out there who has a life-changing business idea. However, as soon as they begin to think about the bills ahead of them, what quitting their job would mean in terms ofstability and how they could possiblyafford to launch a business, it may quickly be forgotten. If this […]
Corporate lawyer Alyce Tran had a dream to make an extra $50,000 from her fashion blog, The Daily Edited, which she co-founded with her friend Tania Liu. After an unsuccessful attempt to launch an online clothing line, the pair introduced their personalised accessories business, which today turns over more than $15 million a year – […]
Obtaining finance can be challenging for any business but it is an acute difficulty for micro and small businesses in their start-up phase. Having the Best Business Idea in the World won’t necessarily be enough to convince sceptical, risk-averse banks to approve a loan, especially if the business owner doesn’t have a proven track record […]
After years of experience and building a successful strategy, seasoned business owners can branch out into new areas with relative ease. A newcomer, however, will lack the necessary resources and experience for striking up a successful new business overnight. It takes hard work, careful planning, and proper financial management to create and sustain a company […]
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