Month: September 2023

  • Preventing Debt in Business

    Preventing debt in a business is a critical aspect of financial management that can help ensure long-term sustainability and profitability. Here are key strategies to avoid accumulating excessive debt: In conclusion, preventing debt in a business requires a combination of proactive financial planning, responsible borrowing, prudent cash flow management, and diligent monitoring. By adopting these…

  • What should you do if you are in financial distress?

    Financial distress is a challenging and often overwhelming situation that can occur when an individual or organisation is unable to meet their financial obligations. It can result from various factors such as unexpected expenses, job loss, excessive debt, or poor financial management. When faced with financial distress, it’s crucial to take immediate and strategic actions…