Cash flow and cost control

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If you give cash too much value, you won’t put it back in and it won’t be allowed to ride.  Ironically, an entrepreneur who worries more about money will probably make less.  Cash in pocket is very different to cash in business.  It’s there to work for the company; it’s not cash available for you.

I really think that if you can do the household budget, you can do business finance.  If you can make a Sunday dinner and all the time and preparation that goes into that, you can project manage, simple as that.

After finding an inspirational entrepreneur and leader, the next most critical appointment for the business is a financial controller—this could be a qualified accountant, or book-keeper, or it could be a highly competent administrator.

The point is there must be someone staying awake each night worrying about the finances and ensuring...

Businesses that fail do so most often because they don’t know the numbers. Lots of entrepreneurs say they cannot afford to employ an accountant. A good finance manager will justify their cost over and over again.