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When you first start out in business it’s important to understand the difference between the profit you have forecasted and your actual cashflow profit. A number of things effect your cashflow one main item being the timing between invoicing a customer and receiving the payment. Your profit and loss report may show a positive surplus after invoicing your customers however
Where can you get assistance to plan your business? Make sure you choose the right professionals who will provide you with the right advice and support. Before setting out in business get in contact with the following people: Accountants Lawyers Bankers Business Structure Make sure you consider the advantages and disadvantages of each of