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50% of SMEs don’t know breakeven point
Almost half of small business owners don't know what their breakeven point is, according to research from Business Link.
The government agency also found that 29% have no effective form of cashflow management, while 45% have no efficient system in place to chase unpaid invoices.
"Sound financial management should be the bread and butter of every business, especially during these tough economic times," said Matthew Perkins, a senior Business Link advisor.
Post Date: January 22nd, 2010
The government agency also found that 29% have no effective form of cashflow management, while 45% have no efficient system in place to chase unpaid invoices.
"Sound financial management should be the bread and butter of every business, especially during these tough economic times," said Matthew Perkins, a senior Business Link advisor.
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Post Date: January 22nd, 2010
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