In business, you cannot realise your dreams unless you have funding. This requires you to know ways to increase sales fast. While there are many places where businesses can get funding, generating money within your business is a key source of funding for business growth. Money that you generate within your business reduces your dependence
Businesses in the developed countries of this world are looking more and more at developing countries as an interesting market for them to expand their operations. Africa is the #1 continent on their minds. Why? Mainly for the following reasons. 1. A growing population Because Africa’s population could grow to 1.5 billion in 2025 and
How can farmers increase their profit? Every business owner wants higher sales. It doesn’t matter what country you live in or what size your business has. When you start a business, you want to see more and more sales come in as time goes by. And you want those higher sales to result in higher
A business owner from an African country reached out to me some months ago with this question. He runs a successful business with profit margins of about 20%, but his growth is lagging and his competitors are starting to gain ground. He told me that he wants to double his profit in 6 months.
Over the past few weeks, there has been a strong increase in the number of business owners who want to talk to me about their business operations, growth and profitability. Since that is the main reason why I started this blog, I have decided to clear additional space in my schedule to address your issues.
Cash flow forecasting is a key skill that every small business owner should have. Because even if your business is profitable, it can still fail if you do not manage your cash flow well. Why is cash flow forecasting important for small businesses? Some of you tell me, “Tonia, I have no need for cash
“Cash is king.” We all know this saying. Lack of cash is even the reason that most businesses fail. Having cash on hand can help your business withstand challenging times or decide to invest to grow your business. It will allow you to take advantage of unexpected business opportunities. It gives you more peace of
Many small businesses needlessly struggle to survive because of the following 8 common cash flow problems. In general, these problems come down to 2 things: Not enough money is coming into the business to pay the bills. Or, too much money is leaving the business too fast. Last week, we talked about cash flow and
Profit does not equal cash flow Your business can fail even though you are making good profits. How can this be possible? One main reason is cash flow. Many business owners do not focus on generating consistent cash flow. Even if they are selling good amounts of products or services, unless that money is coming
For restaurant owners, keeping costs low is a key strategy to improve profitability. Last week, we talked about 16 strategies that any restaurant owner – big or small – can use to save money and increase profits. Today, I am sharing 10 advanced strategies. These advanced strategies can be used by bigger restaurant owners. They
How to save money running a restaurant? When you run a restaurant, it can be hard to make good money. There are so many things to take into account: Waste of products because you bought too much and customers did not come. Loss of products or utensils through carelessness. Higher costs and lower profits because
In my conversations with business owners, one of the main issues that they raise is the fact that their business is not making the profit they expected it to make. Or, sometimes, the business venture is not even profitable. So, the question that I am often asked is, What can I do to increase profitability?
