Entrepreneurs' Blog

16 Aug, 2011

A wise word from James Caan

Posted by: Bev James In: Ask James Caan|Business Mentoring|Business Tips|Mentoring|Millionaire Mentors|Tips For Success

A wise word from James Caan

“Whether in a recession or not, controlling cash is absolutely critical for small firms. Often cash flow problems can be reduced. However, 90% of firms are still failing because of lack of knowledge and skills of the business owner. The truth is that the ability to maximise cash & profits often depends on simple techniques, for example: 1. Be more productive in the way debtors are managed and 2. Produce monthly management accounts. It is essential to make the time to learn the right financial skills so that you can spend more time driving the revenue for the business rather than losing track of it.” James Caan

1 Response to "A wise word from James Caan"

1 | Richard Drakes

August 17th, 2011 at 17:39

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Thanks James. Just goes to show the fundamentals are as important as they ever were, if not more so.

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  • Morgan Grage: I like this post, enjoyed this one regards for putting up. "No man is wise enough by himself." by Titus Maccius Plautus.
  • Derek: Brilliant article Bev, thanks for sharing. coincidentally the kilimamjaro example used is on my 2014 to do list! Ps thanks for the tips you gave me
  • jackson: thanks for your great article about developing your business idea to great business Jackson mutebi

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