Through my years of experience, I have found that the most important activity any small business has is managing cashflow. Sure, managing client relations, rendering your service, and keeping track of inventory is important, but it pales in comparison to managing cashflow. It is what keeps the business running, and gives you the flexibility to do all the other tasks I mentioned and more. What do you consider the most important part of your business?

There is no such thing as a business that has ran smoothly from start to finish. Everyone hits a few bumps on the road (some more than others), so it’ would be prepared. Contingencies go a long way, as well as careful cashflow management. Here are a few tips on how to get from point A to point B. What contingencies do you have in place for the next couple of months?

The most important activity for any business is managing its cashflow. Cashflow is defined as the total amount of money being transferred into and out of a business, especially as affecting liquidity. This means that it is actual money that has been collected and/or spent. This article focuses on how to efficiently collect what is owed to you. What problems do your business face with managing cashflow?

Timing is everything when it comes to business. Fortunately, this also applies to accounts payables. Did you know that there are certain ways in which you could use payables to your advantage? By understanding the impact of it and keeping track of who and what you owe, you'd be surprised to know that having payable accounts is not such a bad thing? How can you accounts payable be advantageous for your business?

How does your branding make you stand out from your competitors? There are hundreds of strategies in marketing that would make your name distinguished. By understanding your clients' expectations and needs, you substantially increase your marketability. How do you think your brand compares to other businesses?

Founder and Director of Universal Events, Karen Corban, graces us with one her blog on the 19 things she's learned about dealing with challenges in life and business. As we find ourselves faced with hurdles everyday, we could pick up a couple of things from Karen's experiences. What have you picked up from the challenges you've experienced?