Financial Success

The 6 Principles of Financial Success
Here are the six principles that will help entrepreneurs plan for the future:
" One of the basic things you must learn is to put aside funds for a rainy day ..."
  1. Look after your personal liquidity: Make sure you have sufficient personal working capital outside the business in case the economy turns bad.

  2. Manage your information: Make sure you have all the information available about your business financial situation at your fingertips, so you can delegate or set different levels of authority, as needed.

  3. Look after your staff: Always plan for your employees' future needs.

  4. Create a reserve in your business: When times are good don't spend the excess cash, put it into reserve so there will be funds for a 'rainy day'....

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