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Cut costs to increase your cash flow - Guide My Growth

Increase your cash flow by tracking expenses

Many small and medium businesses have cash flow problems. One of the reasons why this happens is because there is not enough money flowing into the business. This could be because the business isn’t selling enough products or services to customers. It could also be because expenses have increased while income – sales – have

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Good inventory management equals more cash flow - Guide My Growth

Improve your inventory management to increase your cash flow

Are you struggling to get your cash flow under control? Consider taking a look at your inventory management. Inventory management is a key – but often neglected – area that affects your cash flow. There are many other ways to increase the cash flow in a small business. Making smart moves in inventory management will

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Two business men drinking coffee | Guide My Growth

How to prepare for a bank loan application interview

Today, I want to talk about how to do the best possible preparation for a loan application. You will need to have a good business plan and good financial records. You also need to know how much money the bank may be willing to lend to you. And you should be aware of the  additional

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how much can your business borrow from bank | Guide My Growth

How much can your business borrow from a bank? Part 1

When they are deciding whether to give you a loan, there are 2 main things banks want to know: Does your business have enough cash flow to repay the loan every month? Will you be able to do repayments on time? In a previous post, I gave you an overview of the various sources of

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sources of funding | Guide My Growth

12 sources of funding for your business

Banks are not the only place to get money. Today, I will discuss 12 sources of funding. I will start with those that are of interest to small businesses and finish with those that are of interest to larger businesses. In another post, I will explain how banks decide how much money to lend to

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Person putting money into a piggy bank | Guide My Growth

How to start a business in Africa with limited money

First of all, I just want to say: WOW! I am overwhelmed to see almost 1000 people responding to Guide My Growth asking for advice in just a few days. Thank you for your trust in me. Many of you are asking me how to start a business with limited funding or how to get

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Case with 100 US dollar bills | Guide My Growth

The risks of bringing outside funding into your business

Many businesses in Africa are focused 100% on getting funders to invest in their business. Their thinking is, “If I can manage to get this funder to give me money, man, my business will take off! Getting this money will solve my problems!”. But like everything in life, there is good and bad. In Liberia,

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Woman writing | Guide My Growth

How to write a successful business plan

The business plan is the point of departure for any funding application. It is very important that the business plan should cover all the issues that a funder considers to be important. This means that you need to know what funders are looking for, and why they want that information. It is also important to

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Man in a blue suit walking down stairs in a business district | Guide My Growth

Looking for an investor for your small business?

If you want an investor or bank to give you money for your business, the important thing to know is that the majority of funders is looking for a way to make money without taking too much risk. They are looking for what is called a “safe bet”. (One of the main places you will

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