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The importance of a budget for your Business

The importance of a budget for your Business

As a business owner, it is important to have a clear understanding of your financial situation. One of the most effective ways to do this is by creating and sticking to a budget. A budget is a financial plan that outlines your expected income and expenses over a...
How to Save Money During a Struggling Economy

How to Save Money During a Struggling Economy

The current economic situation has left many people struggling to make ends meet. With rising prices and stagnant wages, it can be challenging to keep up with the bills and still have money left over for savings. However, there are ways to save money during a...
Pitfalls to Avoid in Business

Pitfalls to Avoid in Business

Starting a business can be an exciting and rewarding experience but also fraught with challenges and pitfalls. Many entrepreneurs fail to recognise these pitfalls, which can lead to the demise of their business. In this article, we will discuss some common pitfalls to...
Four ways to change the trajectory of your business

Four ways to change the trajectory of your business

A previous study published in the Journal of Enterprise Transformation (https://rb.gy/jbnrmo), discussed the various challenges entrepreneurs face during the growth of their businesses. Businesses most often don’t show any growth because of a lack of resources and the...
Simple strategies for not falling into debt

Simple strategies for not falling into debt

Debt is part of most people’s financial life. But how do you avoid getting into too much debt? As a starting point, it may be wise to know how much debt is too much. The rule of thumb is that your annual debt payments should not exceed 20% of your annual...