Microenterprise Development | Community Economic Development
We journey with clients and communities providing business support and economic development
This Power Tip will help you use your cashflow management skills to do scenario planning for your business, and to review investment opportunities. These skills are important as you plan and grow your business.
At Many Rivers we say that a hobby is something that costs you money and a business is something that makes you money! Therefore, an important part of business is knowing how to pay yourself.
Understand the fixed and variable costs in your business, and the difference between marginal revenue and marginal costs.
Good cashflow management is absolutely fundamental to the success of your business. 90% of businesses fail because they don’t manage their cashflow well. Here are some tools you can use to really get on top of it.
This Power Tip covers everything you need to know about paying yourself, including paying yourself as a sole trader through wages or owner’s drawings.
Once you decide to get a loan, there are three distinct phases with different things you need to think about along the way. This video talks about all the things you need to think about when you’re applying for a loan, once you get approved, and also while the loan’s in place.
Use your cashflow management skills to do scenario planning for your business, and to review investment opportunities. These skills are important as you plan and grow your business.
Once you decide to get a loan, there are three distinct phases with different things you need to think about along the way.