Weather has finally arrived; soon it will be summer. Most Business Owners let
down their guard, let go on Vacations and have Fun. Coincidentally, it's
also a time that Online Scammers and Hackers get active and keep their
eyes looking for Accounts to hack and tamper the unfortunate company Account
Our Discussion today focuses on an area that is passionate to my heart. As a
matter of fact, I look forward to a day, that every company will be devoid of
fraud. Technology has given fraudsters an edge in recent years, and we see a
lot of fraudulent activities and online attacks on most Business Account.
Profitability is a key driver of financial success in business. The goal of every Business owner should be to make profit and improve their business to make it better.
If you were having a discussion, one year from today, and looking over your financials, Will you be happy with your financial progress? This question should propel you to take action, about what you expect your profit to be for the year.
Profit is like a car,that must be driven; it does not drive itself; for you to get a projected profit, you have to be on top of your profit expectations.
the eighth month of the Year, We are gradually getting to the end of the year,
and soon it will be time for Year End Reports. In our last Newsletter, We
discussed the concept of Cash Flow and how it affects our Business Operations;
this month, we will be looking at tips to manage our Business Cash Flow.
Being in Business for yourself is like being an Air traffic controller,
especially in the area of cash flow management ; You can imagine trying to
control 100 Airplanes landing simultaneously on two runways; this can be
an upheaval task, but we regularly see clients line up their monthly bills,
their projected income, business projects and business expenses and try to
combine all these activities, at the same time, trying to ensure a
steady cash flow into the business; you can imagine, the projected
outcome, if all these activities are not properly coordinated.
Recently, A Client of ours requested to know the health of his company and was of the opinion that the total income, that his company made was enough to prove that his company was healthy. We had to explain to him, that the company's total income was not enough to show the financial health of his company. We realize that a lot of business owners always make this wrong assumption.