Very good post on BusinessBlogs – these 10 tips are really good to know for any business owner. I also think that the tips are good for investors as well. Cash flow is the life blood of your business. You might expect a positive cash flow in your first year but the cash flow of each month of the year needs to be within the limit of your financial
resources.
Cashflow is income derived from a business usually on an ongoing basis. In terms of property investment cashflow is usually derived primarily from rent although alternative sources of cashflow may be available.
Trusts have become very popular in New Zealand with many thousands having been established in recent years. There is good reason for their popularity, as they are one of the best ways to provide protection to yourself and your loved ones from future adverse events impacting on your hard earned wealth.
Could you survive without your next wage/salary payment? If you’re not sure of the answer, you need to assess your budget now. Not being able to survive a missed wage/salary payment is just one warning sign you may be heading for financial trouble.
