Hiring new employees can be exciting. It points to a business growth, an opportunity for change and a chance to improve the division of labor and job responsibilities. It is also both high cost and high risk. This is not a good combination. The cost of a bad hire is much more than the salary…

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Always get paid for your work – whether in money or a return that directly impacts on your business growth. First rationalize the advantage to you, then rationalize the change in payment terms. In this video I discuss why and how never giving discounts doesn’t mean you can’t be creative with your payments.

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It’s not how much, it is just “how”. How does good cashflow management provide solutions to problems before they arise? Your business plan is alive and dynamic. The financial part of it is no different, it is evolving with you and is continuing to inform your decisions. Tim Berry, founder of Palo Alto Software, defines it…

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