Category: Grow your Business with Graham

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Create a sustainable business with recurring income

Create a Sustainable Business with Recurring Income

Recurring income, also referred to as residual or passive income, is earned by creating or acquiring an asset that continues to pay you income regardless of whether there is still active work being done to the asset. Every Business Owner’s dream! Even so, a lot of Business Owners haven’t managed to acquire or have thought … Continued

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Are You Losing Money Because You're Not Pricing Right?

Are You Losing Money Because You’re Not Pricing Right?

Pricing is an art form, and is very dependent on market conditions and your ability to service that market. When costs go up the natural reaction is to say “I need to increase prices” but is this right or even possible sometimes? It’s definitely not “one-size-fits-all”, you don’t price the same way for everything. It … Continued

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work in progress in business

Why do Businesses get caught out by Long Term Work in Progress?

Work in progress (WIP) is inventory that has begun the manufacturing process and is no longer included in raw materials inventory, but is not yet a completed product. On a balance sheet, work in progress is considered to be an asset because money has been spent towards a completed product. If you do not know your … Continued

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business finance

Think Your Business Needs Finance? – Part 2

Following on from Part 1, where we looked at why your business may need finance, the costs and risks of finance and how to position your business as ‘low risk’, in this blog we’ll look at: What are the alternatives to borrowing? There are many options that you can seek before turning to borrowing finance: … Continued

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Business Finance

Think Your Business Needs Finance? – Part 1

Let’s talk about cash in your business. As a business owner, there may be times when you think you need to raise finance. This is especially true when cash is tight or starts to dry up. However, there is lots to consider when borrowing money; such as the additional costs and risks to your business. … Continued

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