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Showing posts with the label CashFlowManagement

7 Best Christmas Tree Stands in 2022

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Believe it or not, a Christmas tree won't stay upright on its own. Instead, you need a stable Christmas tree stand that can accommodate the type and size of tree you have. We researched dozens of the best Christmas tree stands to help you find the right one for your needs, whether you have a real tree, an artificial tree, a small tree, or a behemoth. The stands in our guide have a track record of durability, performance, and easy setup. We also outline the size and type of tree each stand is meant for. Check out our guide to the best Christmas tree skirts once you've chosen the right stand for your tree. The best Christmas tree stands in 2022 Best Christmas tree stand overall: Krinner Tree Genie Christmas Tree Stand, available at Amazon, $82.79 The German-engineered Krinner Tree Genie Christmas Tree Stand is easy to set up in a couple of minutes and keeps trees up to 12 f...

Should You Prioritize Growth or Profitability in a Recession? The Answer May Surprise You.

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Opinions expressed by Entrepreneur contributors are their own. This year has seen economic slowdown, inflation and war combine into a cocktail that's now fueling fears of a recession across business sectors, driving uncertainty in everyone from business leaders to investors to employees. Such uncertainty is forcing business leaders to reprioritize and scale back their once-ambitious growth plans. And now, as interest rates go up and valuations go down, more and more businesses are returning to prioritize what was once the only way to ensure a business's success — positive free cash flow. All of this is a very strong reminder for all businesses, but particularly startups and small businesses, that it's vital to build a company to make money — in both good times and bad. Prioritizing free cash flow is the only way to manage against forces outside of your direct control. Related: Never Worry About Cash Flow Again by Using These 5 Strategies Positive fre...

5 Things to Do Now to Propel Your Business in 2023

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Opinions expressed by Entrepreneur contributors are their own. Entrepreneurship is a daily leap of faith. In times of economic uncertainty, that leap may feel like a dive off a cliff. We are in one of those times. It likely will take months to fully re-adjust to the forces that have pummeled the world's economy, and to entrepreneurs, months can feel like years. With the right playbook, entrepreneurs can survive and thrive in whatever economic scenario. Here are five things you can do to propel your business ahead now and through the difficulties of business cycles for years to come. 1. Learn the lessons of more challenging times A rocky economy presents a unique opportunity to make tough decisions about the business plan. Everything is open to reexamination. How has the market changed? Are your customers facing challenges that create new opportunities for your solutions? How do new conditions change your assumptions, and what actions do you need to take in ...

4 Reasons Your Business Needs Cash Flow Forecasting

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Opinions expressed by Entrepreneur contributors are their own. You might have heard that the biggest cause of business failures is cash flow issues, but to what extent is the severity of this widespread problem? To put things into perspective, more than 80% of business failures are due to a lack of cash, 20% of small businesses fail within a year, and half fail within five years. But it doesn't have to be that way. In fact, many businesses can avoid cash flow problems with proper cash flow forecasting . Cashflow forecasting helps businesses predict when issues may arise and allows them to take action proactively to avoid cash flow gaps. That said, many businesses already operate at max bandwidth, and cash flow forecasting isn't on business owners' minds. It's usually already too late when business owners are hit with a financial setback and realize they don't have enough cash to cover it. Many business owners don't realize that the scop...

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