As a business owner, you are also responsible for managing the finances of your business. Especially if you produce and sell finished products. Indeed, this kind of activity implies many costs, and to avoid being overwhelmed in the management of your business, it is important to know the nature and the value of each expense related to your business. In order to maintain the health of your company, the follow-up and the management of the costs related to your activity is indispensable.
According to Preferred CFO, 82% of small businesses fail because of poor management and a lack of understanding of their cash flow.
Managing a business and developing it in an efficient way requires from managers, knowledge and an absolute control of the various costs generated by their company. Your turnover, as well as your profits, must be taken into account in every calculation, in order to succeed and develop your activity in the best way.
Through this ebook from Juni, you will learn how to best manage your company’s expenses and grow your business.
Why do you need to manage your expenses well?
Being aware of your expenses and managing them well allows you to plan your investments better. For the development of an online business, this is indispensable. Between finances dedicated to raw materials, storage, logistics or anything related to marketing or the life of your e-commerce site, expenses are plentiful and it is therefore crucial that you understand each of its aspects.
Would you like to know the different expenses you have to face when running and developing your business? This ebook will give you all the answers you need, and will help you to monitor the different finances of your business.
In this guide, you will find answers to :
- What are the different expenses you need to plan for?
- Why do you need to track your expenses?
- Tips on how to improve your logistical expenses
- How to track and manage your company’s expenses?