A working capital cycle is the amount of time it takes to turn the net current assets and current liabilities into cash. The longer this cycle, the longer a business is tying up capital in its working capital without earning a return on it. It’s important that you evaluate your cash inflows and outflows and ensure that it is as efficient as it could be, otherwise you run the risk of constantly increasing debt to fund cash shortfalls. Here are few tips to help you start the pr
More hours are not always directly correlated to greater success. Two key steps to start the journey of ensuring that you are getting as much value for your time as possible is to:
1. Audit your time. Take a period of about 7 days and meticulously record the tasks that your perform, the purpose of the tasks and the benefit received from that task.
2. Once you’ve audited your time and understand which efforts bring most value, plan your day/week. You will quite easily slip