Are you a small business struggling to get to the next level and deliver sustainable growth? Here are 10 keys to unlock your growth phase. It might sound obvious but you can only grow if you want to. To grow, small businesses need to challenge their processes, look for opportunities to exploit existing resources and learn from mistakes.
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Financial Management requires planning, organizing, directing, and controlling the financial activities of an organisation such as the likes of asset management and expenses. Growth-oriented business decisions are strongly based upon intelligent financial management decisions.
Having good financial management is a must for any business. In addition to preparing and understanding your budget, it is also essential that you monitor your cash flow. If you don’t manage it well, you can run out of cash to pay the bills. Pan Am Airlines, for instance, was once a high-flying brand.