Improving Profits - Part 3 of InterGreet's series aimed at helping our retailer customers to make more profits.
Manage Your Cash - Money coming into your store is the essential element that keeps your business financially strong. If you... budget wisely and know the gap of your monthly income and expenses, you won't have to worry about running out of money. No business can survive without cash flow no matter how unique and wonderful your store is. Cash flow is a critical measure and determining factor of business success. All successful entrepreneurs install careful financial controls and monitor them every day. They carefully consider every single item of expenditure. They take the time to analyze the use of every dollar. They work from detailed budgets and they review them every week and every month.
Red Hot Tip:The critical rule for entrepreneurial success: when times are tough, only spend money to earn money.
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