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 ..." |
- Look after your personal liquidity: Make sure
you have sufficient personal working capital outside the business
in case the economy turns bad.
- 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.
- Look after your staff: Always plan for your
employees' future needs.
- 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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