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    Know the SYMPTOMS – treat the CAUSE!
    Terence
    • May 1, 2018
    • 4 min

    Know the SYMPTOMS – treat the CAUSE!

    Business success is a result of a number of things, including good information and the sensible application of this information. In The Springboard Academy’s previous posts, we looked at the different tools we use to gather and compile good information for a business. Now, we need to look at what this information can tell us. Note that the same information can produce different statistics, depending on the point of departure and the intended use. Make sure that you take note
    27 views2 comments
    Check your business snapshot, and don’t let business financials get you down
    Terence
    • Apr 23, 2018
    • 2 min

    Check your business snapshot, and don’t let business financials get you down

    Financial statements need not create anxiety and fear. Not everyone is an accountant or financial expert, but you, as the business owner, need to have enough understanding of the numbers to make sound financial decisions. What are financial statements? Financial statements are a representation of the health of your business at any point in time. Some of these statements forecast what you can expect to happen in the future. Information from financial statements empowers you to
    18 views0 comments
    Assets & Liabilities - Business body parts
    Terence
    • Apr 17, 2018
    • 3 min

    Assets & Liabilities - Business body parts

    If Working Capital is the life-blood of a business, then the Assets and Liabilities are the working parts. The machinery and equipment needed to operate your business, and the ways of funding that equipment, are called the assets and liabilities of the company. Not all businesses use the same equipment, but whatever they do use falls into one of the two categories above. Assets A newspaper printing company may use a printing press that takes up a whole factory, while a small
    16 views1 comment
    Three things to remember about cash flow
    Terence
    • Apr 12, 2018
    • 2 min

    Three things to remember about cash flow

    Liquidity, and not profitability, is one of the main reasons start-up businesses fail. Liquidity is a measure of your business’ ability to cover its immediate and short-term obligations. While previous blog posts have dealt with profit, income, cost of sales, variable expenses and overheads, it is just as important to give proper attention to your cash flow. Cash flow is the money moving in and out of your business. If more money is moving in than out, your business is experi
    20 views0 comments

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