The past couple of weeks have covered a series of short Dimblebies on biz skills. Setting up, advisers, choosing a non exec guru, partnerships, bankers, finance for growth. I talk about how to conserve cash for without it you are sunk, use 30 day accounts, leasing where appropriate,manage deposits and work lead time for cash flow can be one of the restrictions to growth of a young biz.
We have looked at the difference between fixed and variable costs, and understood how it’s your overheads that can bury you as you take on more and more expenses to grow. Hopefully we have understood how it’s essential to manage a changing situation.
When discussing these issues I referred to a larger workshop I had in Bideford in the eighties and ninties One of my students asked what happened when I closed it during the tough recession we had then. This article was written at the time link