Gross Profit Break-Even Template
This article is also available as a downloadable PDF, which includes a customizable template to help you apply these tips to your business. Download Here: Coast Capital – Gross Profit Break Even…
Cost Reduction Template
This article is also available as a downloadable PDF, which includes a customizable template to help you apply these tips to your business. Download Here: Coast Cost Reduction Template Improving your bottom…
Understand your key financial documents
Your balance sheet and profit and loss statement are two key financial documents, as they help uncover what is going right and what can be improved in your business. Many…
The essential guide to mitigating risk with insurance
Insurance plays a vital role in safeguarding businesses — transferring financial risks to a third party, and making sure a business remains resilient in the face of uncertainties. Running a business…
Setting up cashflow warning triggers
Every business will have a particular way of tracking and measuring how their business is performing. If you can identify when key indicators deteriorate to a level that causes concern, you can…
Planning ahead in a year of uncertainty
When you’re running a business, it can be tough to deal with unforeseen circumstances — and we’ve had our fair share recently, from global health crises to elections to social unrest and…
Steps to building a sustainable business
The obvious benefit of going green is that you’re helping to save the environment by reducing your carbon footprint. But there are also sensible business benefits to running a sustainable…
Managing a cash crunch
There are many reasons why small businesses experience sudden cashflow crunches. Identify the reason and solve it If you’re trying to fill your bucket with cash and it’s leaking, it makes sense…
Manage your debt and get paid on time
One of the most important rules for a successful business is to swiftly collect money that’s owed to you — it should be coming in faster than you’re paying out. This…
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You may think it could never happen to you. You know you need to shield your PIN when you use your debit card and you make sure to regularly change…
Ultimate Guide | How to manage your business’s cash flow.
As a small business owner, you’re managing cash coming in and out of your business everyday. From the smallest transaction to your monthly storefront rent payment, you need to have…
How to turn your hobby into a side hustle
Do you have a hobby outside of your regular 9-to-5 that you’re passionate about? Or do you just need some extra cash and have a skillset you can utilize? Well, the…
