Let's Run a Business!

Creating a business plan will help you achieve your entrepreneurial goals. A clear and compelling business plan provides you with a guide for building a successful enterprise focused on achieving certain goals within defined periods; it is also a document that can persuade others, including banks, to invest in what you're creating and running. While there are many types of businesses out there, the basics of a business plan are fairly standard and widely applicable. This article sets forth these basics, which you can tailor to your business as needed.

Most of us think that company liquidation is forced condition of bankruptcy. But it is actually more than that. There are also conditions that can lead to company voluntary liquidation. A good company should be aware when debts are unhandled, and might consider company voluntary liquidation to prevent more loss.

Getting paid on time is important to the financial health and wellbeing of your business. Having good credit control is important for maintaining a healthy cash flow and a profitable business. While good credit control can help avoid late payments becoming a serious problem, there may still be times when a customer can’t or won’t pay.