Profits aren't everything, they're the only thing

>> Friday, December 04, 2009

Like the author says in his first advice, profits aren't everything, they're the only thing.
5 lessons to keep a business alive and cash flowing.
I admit I don't agree with deferring payments to vendors but I believe the article is worth reading anyway.

"You have to ask yourself: "Why am I in business? What's my goal?" Your answer should be to make profits. Why go into business if not to make as much profit as you possibly can? But you must have controls and processes in place--otherwise you become a slave to meeting the payroll and paying your vendors, and you end up struggling to keep the business alive."

Put Profits First--Always
5 tips to maintain financial control of your business and keep the cash flowing
By George Cloutier, Entrepreneur

Full Story


Post a Comment

  © Blogger template Simple n' Sweet by 2009

Back to TOP