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Things to think about when thinking about payment terms
Newsflash: Cash flow is still the number one priority to many businesses out there today and rightly so. Some have described it as oxygen keeping their businesses alive, others see it as fuel that drives their commercial success.
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WARNING: The more things change the more they stay the same unless…
Every Friday we just want to stop the world for a moment and give you a couple of real tips to think about that will make a real difference to your business and in your life.
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How to avoid partnership PANIC!
Everything ends badly. If it didn’t, it wouldn’t end… That is a very pessimistic view - let me say that right out of the gate. But is it the view of a pessimist, a realist or perhaps a pessimistic reali… I’ll stop. Take for example the fairly recent...
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Make it Rain. Stop the leaks. Take back control of your money
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Make it Rain - 5 step plan to make your business work for you
Step 1 - Stop the leaks TAKE YOUR PROFIT FIRST
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The Bottom Line series – 5. Parkinson's Law, Dinner Plates, & Toilet Paper.
Now for the three quick educational stories about Parkinson's Law, The Size of Your Dinner Plate, & Toilet Paper. They’re three lessons you won’t forget that reinforce why becoming a Cash Rich Business not only is a good thing, but it works because...
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The Bottom Line series – 4. Commonly asked questions Building a Cash Rich Business
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The Bottom Line series – 3. Benefits of becoming a Cash Rich Business
The benefits of becoming a Cash Rich Business: 1. The War Chest is a rainy day fund, a backup when storms hit but this fund is specifically for those really bad storms. It is not something to be accessed unless it is an emergency. When storms hit it...
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The Bottom Line series – 2. How to build your Profit War Chest
How much money can be transferred to the War Chest without threatening the health of the business? Start out slow and easy, then build up. Most stable companies should be able to post a profit of 10% - 25% after all expenses.
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The Bottom Line series - 1. Logic vs Human Behaviour
Logic vs Human Behaviour I was talking to a good friend of mine recently who I know regularly donates blood.
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