How can you make the most of your 2014
To really succeed in 2014 it’s critical to prepare for the year ahead. So here are some tips small to medium size businesses should look to implement now to ensure they are successful.
Dig out your business plan
Updating your business plan will provide you with focus for the year ahead.
Maximise cash flow
Developing a cash flow forecast will help predict upcoming cash surpluses or shortages to help you manage your business.
Grow your online presence
The online space continues to grow and could be another important revenue stream for your business
Get tech savvy
Using the latest technology will be critical for small to medium sized enterprises in 2014.
Keep quality records
Central to business success is a robust profit and loss and cash flow analysis to reveal your true position at month end.
Never stop learning
The best businesses never stop learning and adapting.
Develop a winning collection plan
Healthy businesses stay on top of their collections. Collecting debts efficiently in 2014 will boost cash flow and help you meet your commitments for the year.
Never lose sight of the outside world
Keep on top of what is happening in the wider world to identify and make the most of opportunities.
Go forward with a positive mindset
Make it a priority to be on the lookout for opportunities to grow.
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Bottrell Business Consultants Pty Ltd – Chartered Accountants and Business Advisors.
The Bottrell group incorporates Bottrell Business Consultants, Bottrell Accounting & Taxation, Maitland Accounting & Taxation, East Maitland Accounting Services and Mobile Bookkeeping & Recruitment.
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