No matter how busy you are when business is booming, if you have a seasonal business, it’s crucial that you plan for and budget for the off-season. Understanding the ebb and flow of business includes having a plan for keeping good cash flow, reducing expenses and exploring new business opportunities to boost business during the troughs.
Avoiding errors when you calculate working capital helps you understand the true picture of your short-term obligations. Let’s take a closer look at how to calculate your working capital properly and the consequences of getting it wrong.
Many businesses find themselves experiencing a financial shortfall during the winter months. Whether it’s because business is slower during the winter or because the annual budget has been expended, small business owners may find themselves looking for small business loans. And this isn’t necessarily a problem — unless a business owner procrastinates. Failure to procure […]
