The,Powerful,steps,reverse,Fin business, insurance The 7 Powerful steps To reverse a Financial Crisis In Your B

Small offices have unique needs, and thatincludes document shredding. Designed with the smaller business inmind, the Dahle 20314 is a cross-cut shredder that offers Level 3security and brings you into compliance with federal regulations. The As we all know to live in this world we have to perform some activity by which we can earn money. There are many activities by which we can earn money and meet the standards to live in this society. And from one of them is franchise.  Franc

I am not a lawyer or financial advisor by any means, but sometimes we need some help in business. From what I’ve heard statistics show that 85% of all small businesses that start up fail in the first 5 years.So, there’s a good chance that there will come a time when you look at your bank account and say to yourself, “I don’t have enough money to pay my bills”, or at the very least say, “I can’t go on holidays because there’s not enough money to pay for it”.You have recognised the red flags that warn you in business that something is wrong. People with money didn’t come about it by luck. Many times they have had their business go broke and have had to start again.They may have gone broke in the first place because they hadn’t learned their lessons well when it came to managing money rather than just make it. If you’re in or starting a small business you must be aware of or have access to information on how to handle a cash crisis should it come up in your business.The hard part is recognising the crisis in the first place so that you can do something to fix it before it is too late. There are 7 steps that may enable you to handle a crisis in your business successfully. Complete the checklists below to assess your situation. Here are the steps:Step 1. Check If Your Business Is In CrisisIs your business generating enough income to cover your expenses without having to touch your savings? If it is not there are many reasons why this may be the case. This analysis of your situation is not comprehensive enough to cover all situations but should give you a broad picture of your situation.We have to start from some point in your business to move forward in assessing crisis. I assume that you have sales coming in, you have a marketing program and you are physically able to work.If any of these things are apparent in your business, for example, no sales coming in the door, you are probably too far-gone to bother assessing your situation. However if not, some of this information may be relevant to a certain degree.Evaluate the information if it suits, that’s great. If it doesn’t, discard it. Basically you should proceed if the money side of your business needs attention. Go ahead and complete (“Doc 1”) because we need this information to go to the next step. Once that is completed you will have two important pieces of information.1.    How much you spend in your personal life2.    How much you need to earn to support that amount (plus or minus)DOC 1               Financial Analysis                                                 Monthly            Yearly    FIXED DOMESTIC EXPENSESMortgage Payments or Rent             Electricity             Rates            Fire and General Insurance             Personal Accident or Disability Insurance            Health Insurance             Car Hire Purchase/loan            Other Hire Purchase/credit cards            Debt Reduction – Personal Loans Overdraft ECT            Other            Club Dues            School fees            Food and Living expenses            Telephone             Other                    TOTAL MONTHLY                                          $.................. $    ………….VARIABLE DOMESTIC EXPENSESMedical, Dental, Chemist etc (net After Refunds)Clothing and Footwear           School Requisites – Fees, books and sports           Dry Cleaning and Laundry           Entertainment, Theatre, Amusements           Tobacco, Liquor other Personal Items           Home Maintenance       Running Cost – Second Car and Fares            Church, Charities Etc           Sports and hobbies           Vacations           Motor Vehicle (1) Hire Purchase /Lease                                    (2) Registration & Insurance                                    (3) Repairs & Maintenance                                    (4) Petrol Oil Tyres            Other Travelling – Parking tolls Fares Etc            Telephone           Other – Charges A/C Gifts ETC                                                                                                                                TOTAL MONTHLY                                            $...................  $    ………….OTHER EXPENSES Memberships           Fees and other Self-Education               Printing, Stationery, Postage ETC           Telephone           Newspapers and Periodicals           Entertainment and Gifts           Centre of Influence & Sub Agency Cost                Other overheads – Rent Secretarial ETC                                                  TOTAL MONTHLY                                             $...................   $    ………….SAVING AND ACCUMULATIONLife Insurance and Superannuation            Investments           Saving – Bank, building society etc            Other                                                TOTAL MONTHLY                                           $____________   $ ………………NET ANNUAL INCOME REQUIRED           $ ..................    $...................   If you enjoyed this article or would like FREE tips and bits about business go to http://www.commandobusiness.com