Blog Updates from Gold Group Consulting
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Keeping your cashflow strong in tough times
Small businesses are particularly vulnerable in tough economic times.
When sales are slow, there are still overheads and salaries that need to be sorted. Pre-planning and being proactive can help you weather tighter economic periods and allow you to continue to thrive.
Make sure you have a clear picture of your payroll, and any other planned expenses that will need to be accounted for.
If there’s even a possibility that there could be a shortfall, it’s essential to meet this head-on. Whether this means talking to your supplier or creditors to figure out an arrangement, or compromising on other business outgoings, you must make a plan to ensure that the business, or your staff, won’t suffer.
Funding your business – equity or debt?
When you're looking to expand and grow your business, you'll almost certainly need extra finance to achieve this. But what’s the best
funding route for your company?
Should you opt for equity or debt when it comes to sourcing this additional investment and capital? And what are the pros and cons of these two options?
Have you got a strategy for a financially stress-free holiday period?
Holiday breaks are a time to re-charge for the year ahead. However, for business owners, this time can be stressful without careful cash-flow planning. Have you got the strategies in place to ensure you are in the best financial position this year?Read More