There are a number of options available to you:
OWN FUNDS
Wherever possible you should use your own funds. That way you won’t be burdening your new business with loan repayments. Obviously this won’t always be possible. Read the rest of this entry »
Working capital is the amount of money you have available to run your business on a day-to-day basis, and without it, you will be unable to trade successfully.
This is as opposed to fixed capital, which is the capital you use to buy your fixed assets, for example what you spend on items such as buildings, vehicles, machinery etc. Read the rest of this entry »
If you are a businessman/businesswoman, there must be a time where you perform so bad in your business, like the day when you are about to bankrupt or when you lose a lot of money in your business. Whether we want it or not, it will happen eventually. The bad news is for those of you who lend money from Bank (or any other financial institution) to finance your business; you might get trapped in bad credit trap! Read the rest of this entry »
There’s no easy answer to this one, and how much you sell will depend on a combination of factors including:
As a businessman we realize that time is important. Like the old quote says “You can earn more money buy you can’t earn more time”. Because time we have is so limited that’s why we have to be able to maximize it to get the optimum result in our life. Unfortunately, some of people like our employee may not really understand this. They don’t respect how precious the time is, that’s why they come late, spend longer time at lunch, and often go home earlier. It sucks! Read the rest of this entry »