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Planning for disaster recovery

Anyone who has been through a major earthquake, flood, fire or other disaster can confirm that a lot more could have been done – and should have been done – to lessen the impact. Forethought is the key to recovery....

Building an online distribution channel

Online distribution frees you geographically. Where you might have been selling your product or service locally, opening an online distribution channel means you can sell it on a global scale, which is an effective way to grow your business and...

How to raise capital for your business

Before you go down the path of seeking capital from outside your business, identify any other ways of raising capital. For example, do you have any savings (either in the business or you personally) that you could use? If you...

How to start a business on a limited budget

So you have a great business idea and are convinced you can make it work, but you don’t have much capital to get your business off the ground. Juggling existing financial commitments such as a mortgage or bank loans could...

Calculating start-up costs – how much money do you need?

Before you start a business, you need to know exactly how much money you’ll need, and where it’s coming from. You’re out of business fast if you fall short before you’ve started. Why you need to plan ahead If you...

Preparing a business plan

Your business plan is a management tool and is designed to suit the structure and needs of your particular business. There is not a one-size-fits-all business plan, or a set formula that you have to follow. This leeway to design...

Key drivers to boost profitability and cash flow

It’s important to identify and monitor the key drivers of your small business to boost profitability and cash flow. Boost profitability by recognizing your key drivers Identifying the key drivers of your business is critical to boosting profitability. A key...

Which accounting software fits your business best?

Accounting software is readily available at brick-and-mortar and online stores alike. As with any business decision, you’ll want to make sure to select accounting software that is a good fit for your business. Use these tips to choose the right...

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