growing too fast

Growing your business – 3 Key Tips

Growing your business – 3 Key Tips

There comes a point when entrepreneurs/founders want to expand and grow their business, be it adding a new service/product, opening a new location or adding staff to grow existing services. I would recommend 3 key tips for businesses to consider before embarking on a growth phase. 1. Planning for growth…

Can you make profits and still go bust?

Can you make profits and still go bust?

Yes, you can! Here are some scenarios where your business can be very profitable and still go bust. 1.  Growing too fast – a business can grow too fast and tie up cash in debtors and inventory, running out of cash to pay suppliers. 2.  Big deal sours – too much…