Tag: cash flow
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How to budget for seasonality in business
Seasonal ups and downs are unavoidable in business. This concerns nearly every business but especially the tourism industry, like hotels, amusement parks, etc., even certain other industries like construction, horticulture and retail, for example Christmas shops. But what can you as business owner do to hedge these downtimes? Fix costs like rent, taxes or maintenances…
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Importance of cash flow
High sales figures often lull entrepreneurs into a false sense of security – but high sales figures are not to be compared with profitability. One of the most important figures to determine the value and the financial health of a business is the cash flow. The cash flow is calculated by all business related cash…