How to Start a Moving Company

Moving company business is an all-season business. Moving company business is one of the businesses that thrive in every economy. That is, there will be business opportunities for moving companies when the economy is booming. Also, moving business is not affected by recessionary economy. Why? During booming economy, citizens usually have sufficient disposable income. Some will build house and relocate. Tenants may decide to move to better environments. All these constitute business opportunities for moving companies. In the same vein, during recession, economy bites hard on people. You see people selling their houses. Some will not be able to meet up Continue ReadingHow to Start a Moving Company

How to Start a Rice Mill Business

Is rice mill a profitable business? If you are looking for profitable business to do, rice mill business can be a good option, all things being equal. How much profit in rice mill business? The profit you will make from rice mill business is relative. It depends on many factors such as the location of your rice mill, the available infrastructure, the size or operating capacity of the rice mill etc. What is the average cost of rice mill plant? The modern rice mill project cost is quite high. However, if you don’t have enough capital to start a modern Continue ReadingHow to Start a Rice Mill Business

How to start a retail business

Retail Business is one of the fastest growing business in the economy. In all the countries around the world, retail business plays vital roles in making products available to the consumers. Economists affirmed that the production is not complete until the goods get to the final consumers. In most cases, there are intermediaries between the manufacturers and the consumers. The intermediaries can be a combination of wholesalers and retailers. At times, it can be that the retailers buy directly from the manufacturers to sell to the consumers. It is not a surprise if a manufacturer serves more than fifty retailers. Continue ReadingHow to start a retail business

How to Prepare Cash Flow Forecast for Small Business

Preparing cash flow forecast does not require a high level of skill in accounting. Cash flow forecast is a vital tool you can use to control the financial aspects of your small business. Companies don’t go bust because they lose money; they go bust because they run out of money. Most small businesses equate success with sales volume and profit. The reality is that a business can become insolvent in the middle of its best year in terms of sales and profits! Therefore there is a need to be very careful of cash flow where the business is growing rapidly.  Working Continue ReadingHow to Prepare Cash Flow Forecast for Small Business

Understanding Working Capital Cycle in Small Business

Every level of working capital cycle you keep has its own implications on your business. Working capital cycle is used to illustrate the length of days it takes a business to convert its inventories into cash. If you are into manufacturing, you buy raw materials from suppliers, work on them and make it ready for customers to buy. Customers will either buy in cash or on credit. Then you collect money back from your customers. You must understand the effect of selling on credit to customers.  Generally, your aim is to minimise the length of your working capital cycle so that Continue ReadingUnderstanding Working Capital Cycle in Small Business