Tag: profitability
-
Why there is a need to shift business plans occasionally
Flexibility is of pivotal importance to run a successful and competitive business. Although a thorough business plan is valuable, not everything can be planned. Changes in your business also changes your plans, whether financial or strategic. Competitors, target group, the market and the financial world are difficult to assess, so you will find that not…
-
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…