Diplomat job description
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• There is demand at a level which would lead to a sustainable business.
• People are prepared to pay the price required for you to make a decent profit.
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• There is demand at a level which would lead to a sustainable business.
• People are prepared to pay the price required for you to make a decent profit.
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Sales, purchases and other expenditure must be carefully documented, so you know whether you are making a profit or not. Invoices must be issued on time and chased up promptly if there is a delay in payment. It’s all very well having the sales but poor record keeping can hold you back. Having your paperwork in order will also save you time when it comes to your accountant doing your year-end books!
Insufficient Capital
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When starting off it’s easy to decide what capital is required for fixtures and fittings, machinery and stock. What many new business owners forget about is the cash needed to fund day-to-day requirements, i.e. cash to pay expenses before your customers pay you. This is known as your working capital requirement.