Is your business built on a strong financial base?
WRITTEN BY STEVE MARR
TUESDAY, 11 MARCH 2014
Jesus said, "a wise man... built his house upon solid rock" (Matthew 7:24 NAS)
Carefully plan the capital required for a start up or business expansion. More business fail due to under capitalization than any other reason. Manage accounts receivable closely, accounts that pay slow, or not at all will kill your business. Keep a close eye on expenses, especially overhead. As business grows, keep cash in retained earnings to fund expansion, or weather a slow period. Keep your financial house in rock solid order.