It makes sense to be aware of and track your main financial indicators. The more you observe what the numbers are doing, the faster you’ll see what’s working and what isn’t, so you can take immediate action. 

The aim of all small business owners should be to have more money coming in than going out. From shortening your cash cycles to managing debt, there are several methods for getting on top of your cash flow. And once you’ve got it firmly in hand, you’ll experience greater freedom and opportunities to grow your business. 

Most businesses seek to increase their profit year to year. Here are five cumulative ways you can look to increase your bottom line. 

Working capital is the cash you have each month to cover any expenses. If your overheads are $100,000 a month, and you want 3 months in advance at all times, then your working capital requirement is $300,000.

Increasing sales might make more profit for your business. You could open new locations or target new regions or spend time on selling more to your existing customers.

It’s often a good idea to determine how much money you’ll need to start your business, long before you intend to launch. Think of it as a reality check, as even if your business seems like an amazing idea, it’ll only succeed if you can find the funds to get going.