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Category: Breakeven
EP108 Three Famous Corporate Bankruptcies
Several well-known companies have filed for bankruptcy over the years, often due to poor management, economic downturns, or significant shifts in their industries. Here are three famous corporate bankruptcies: 1. Lehman Brothers (2008) 2. Enron (2001) 3. General Motors (2009) These corporate bankruptcies highlight how mismanagement, economic challenges, and market shifts can lead even the… Read more
EP102 Top five cashflow tips for small business
Effective cash management is crucial for the success of a small business. Here are the top five tips to help manage cash flow and ensure financial stability: 1. Maintain a Cash Flow Forecast A cash flow forecast helps you predict the inflows and outflows of cash over a specific period. By forecasting, you can plan… Read more
EP85 Quickly grow your hobby into a business
Turning a hobby into a business can be an exciting and fulfilling journey. It allows you to pursue your passion while generating income. However, transitioning from a hobbyist to a business owner requires careful planning and execution. Here’s a guide to help you successfully make the shift: 1. Assess Your Hobby’s Business Potential 2. Test… Read more
EP79 Four mighty reasons to calculate a break-even point
Financial control is essential to running any business, particularly in a competitive market like ecommerce. Applying the break-even analysis formula to your business can be a valuable way to stay in control of your finances. The advantages of calculating your break-even point include: Check out Xero’s posts on this website: https://www.xero.com/uk/guides/calculate-break-even-point/advantages-calculating-break-even-point/ There is a wealth… Read more
The need for planning
Planning is a cognitive process that involves thinking about and organizing activities to achieve a specific goal. It is a crucial aspect of personal, professional, and organizational success. Planning helps individuals and groups allocate resources, set priorities, and outline the steps necessary to reach their objectives. Planning can be applied to various aspects of life,… Read more