101 Ways to Boost Your Business by Andrew Griffiths PDF

By Andrew Griffiths

ISBN-10: 1741750067

ISBN-13: 9781741750065

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3. ............................ 4. ............................ 5. ............................ 6. ............................ 7. ............................ 8. ............................ 9. ............................ 10. ............................ 13 3 Financial booster tips Running a successful business really boils down to one critical point: making money. The booster tips in this section are aimed at identifying the areas where most of us make mistakes that can end up costing us money.

It will take you a while to establish your own customers and to build the business up to a level where you are covering costs. While you are building the business, you will still need to pay for all of your fixed expenses and this goes back to the amount of money you have available when starting your business (your start-up capital). If you are buying someone else’s business, you are buying a cash flow and existing customers (goodwill). Unfortunately, there is no guarantee that the customers will continue to use the business when you take it over.

First, I picked up the Yellow Pages and picked out ten names that appealed to me for whatever reason (for example, I liked the colours in their advertisements). Then I rang ten business associates and asked them who they used and whether they would recommend them. Then I made appointments with the companies that matched. There were five firms in total that I was now considering. During the appointments with each accountant, I interviewed them. I wanted them to tell me why I should use them, and I asked for the names of several of their clients so that I could verify that they were as good as they said they were.

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101 Ways to Boost Your Business by Andrew Griffiths


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