For franchisees opening their first unit, reaching the point where the business is cash flow positive enables the franchisee to breathe a little easier and feel a little more confident that they will indeed be successful. A new business that …
Clearly, small businesses are important to us all, but only the better managed businesses succeed. In a small business, effective management means properly balancing five factors: Customers Cash flow Credit Credibility Capital These are referred to as the five “C”s. …
One area where many entrepreneurs and small business owners struggle is marketing. In fact, this struggle isn’t exclusive to small businesses. Many business spend years of blood, sweat and money in creating a great product or service, and then expect …