CHAPTER THREE

Managing finances

In this chapter you will learn:

  • how small changes can improve your profit
  • why cash is all important and how to control it
  • how to keep track of regular payments like VAT, PAYE and Corporation Tax
  • where to access more finance when you need it
  • what to do to avoid running out of money
  • how to find the most profitable activity in your business
  • the discount myth
  • your attitude to money
  • the benefits of setting financial goals
  • your next steps to managing your finances.

Ask any successful business owner about their most important responsibility and they’ll answer ‘managing finances’. As your business grows you may employ a bookkeeper, an accountant or even a financial director, but knowing how your business is doing ...

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