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Posted by GTC Financial on 6.09.2024

Why Every Business in Gladstone Needs a Cash War Chest

Running a business in Gladstone means dealing with ups and downs. An unpredictable economy, unexpected expenses – it’s all part of the game. That’s why a solid cash reserve can be the difference between getting by and thriving.

A cash war chest isn’t just a backup plan – it’s your financial backbone. It gives you the flexibility to handle whatever comes your way.

Here’s how to start building it.

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Topics: Business Improvement, Cash Flow, Business Resilience

Posted by GTC Financial on 19.06.2024

7 Ways to Get Better Deals from Suppliers

Sometimes business profits suffer because of spending too much with certain suppliers.

In the competitive business world, getting the best terms with suppliers improves margins and lays a foundation for long-term success. Startups and well-established entities who negotiate effectively enjoy significant cost savings and improved supplier relationships.

Here are seven ways to get better deals with suppliers:

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Topics: Business Improvement, Cash Flow, Business Resilience, Expenses, Efficiency, Optimisation

Posted by GTC Financial on 2.05.2024

How much is my business worth?

For many small business owners, their business is their largest asset and for many, one that is expected to help fund their retirement. But what is your business really worth and what sets a high value business apart?

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Topics: Business Evaluation, Business Improvement

Posted by GTC Financial on 23.04.2024

10 Strategies to Boost a Business's Cash Flow

We sometimes see businesses which are healthy, growing, reputable, and stable… but their cash resources are limited. And that’s an impediment to operations running smoothly and ensuring long-term success.

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Topics: Business Improvement, Business Planning, Cash Flow

Posted by GTC Financial on 9.04.2024

Self-Audits - Staying on Top of Important Trends in your Business

Busy leaders need to focus on the needs of customers, prospects, employees, regulators, suppliers and so on. However, we encourage these leaders to also take an active interest in the FINANCIAL health of their business.

Conducting a periodic self-audit or financial health check helps identify areas for improvement and ensures the business remains on track towards the financial goals. 

Here are some important topics to cover in a self-audit.

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Topics: Business Evaluation, Business Improvement, Accountability

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