Best Practices for Creating Budgets

When you’re running a business, it’s easy to get bogged down in day-to-day problems and forget the bigger picture. However, successful businesses invest time to create and manage budgets, prepare and review business plans and regularly monitor finance and performance. Structured planning can make all the difference to the growth of your business. It will…

How to survive post – COVID

COVID-19 has hit businesses hard and fast. Owners saw their small businesses closing down without notice, indefinitely. Many were not prepared to deal with the sudden closures, and those that were found their cash resources dwindling as the lockdowns and closures grounded the economy to a halt. Rather than focusing on growth and expansion, businesses…

Impact of COVID-19 on Cash Flow

COVID – 19 has had an unprecedented impact on businesses around the world. Significant decline in sales has resulted in the depletion of cash reserves across many businesses. Once cash reserves run dry, this can cause irrevocable damage to your business.Here are some tips that can help you survive this liquidity crunch. Tax planning: The…