South African business owners are suffering from a lack of financial literacy that can be easily fixed with a little effort.
The Bulk Order Trade Off
Discounted bulk orders may improve your profit margins, but they can also put the brakes on your cash flow by tying up more cash in unsold inventory.
Should You Use Debtor Age Analysis?
While a debtors age analysis provides invaluable customer account insight, it is a poor proxy for your overall cash flow.
Where Is Your Locus Of Control?
Business owners will struggle to build a healthy cash flow if they blame their customers or other factors beyond their control.
Don’t Count On “Good” Project Failure
Poor planning doesn’t always lead to disastrous outcomes, but that doesn’t excuse entrepreneurs for not managing their companies better.
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