|
81. Remember your working
capital and how important the management of
this is: always look to retain the correct level
of liquidity ( it is not always possible but
you must aim for that)
Net working capital is made
up of the following:
Debtors + cash + stock - creditors.
Cash is still King!!
.
82. Now you are trading, well
done, after all the planning and listening to
advice, all will be well:
WRONG
83. Remember never be complacent
about your business, do not take it for granted.
Successful businesses take a lot of hard work
and effort, everyday.. A complacent business
manager is tomorrow’s failure. The needs
of the business are forever changing, we live
in a changing dynamic marketplace and we must
keep up with it.
84. Now you are trading, do
not expect too much too soon, building the trade
up is a matter of building block approach, one
step at a time.
85.At the start your potential
customers probably do not know you exist, make
sure all your steps along the way are with an
aim in mind. Build upon the successes and learn
from the failures.
86. Keep faith in what you
are doing, do not deviate from the plan, revisit
the reason why you started your business
87. At the end of the
first year take stock of what you have achieved,
well done for getting that far, now are you
ready to carry on building in year 2.
<<
Back | Next
>>
|
