don’t get me wrong, profit
is important. it is why
people go into business,however, it’s also important
to understand that profitable
businesses can and do gobroke!
We have all seen recent examples of business
failures. Almost weekly, the media report
of yet another high profile business closure.
Some of these businesses are sold however
a large number just disappear, leaving
employees, suppliers, customers and owners
out of pocket.
All too often we see examples of business
owners not considering or understanding
the financial consequences of their actions.exPert AdviceCASH FLOW MANAGEMENT
EDUCATION - HELPING BUSINESSES
SUCCEED AND GROW
Cash Flo
W
is k
ing
Cash Flo
W
is k
ing
Financial decisions can and do have long term
consequences and lessons which we can all
learn from.don’t pay too much for the
business
Before buying a business it’s critical to
understand what the business is really
worth. Purchasers should seek experienced
independent advice to support their
assessment. Just because the vendor is asking a
given price doesn’t mean the business is worth
that amount. Undertaking a due-diligence
study is critical.