With Christmas over, this would be a pertinent issue for retailers who have stocked up on Christmas goods. While it may seem like it is only relevant to retailers, other business owners could also learn something by considering this scenario. Financial management is an essential skill for every business owner. This particular question relates to cash flow and opportunity cost. I’ll be using …
A quick guide to using Cash Flow in a small business
If you are a small business owner, you may relate to this lament. It is the number one complaint that I hear, followed by – “the statements show us making a profit but we don’t where it’s gone”. Even if you are familiar with accounting, the financial statements produced by your accountant aren’t always particularly useful. They have a standard …