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A lot of fellow entrepreneurs, small business owners, and self employed friends ask me about what I do to keep Ruru Baked financially healthy. These are the three things I often say: 1. Register your business using @Ownr It’s simple, inexpensive, and you can do it online in a few minutes. I used to work in an accounting firm and I knew how time consuming this process can be. 2. Hire an accountant. Unless you’re an accountant yourself, let the pros do it. Handing off tasks that someone else can d
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Turnover is vanity. Profit is sanity. Cash flow is reality. Don’t let online “gurus” flexing R35 Million turnover fool you. Moving big money doesn’t mean keeping big money. In this video, high turnover means nothing if your payment terms and margins are wrong. Which metric do you focus on most in your business? #business #cashflow #sales #profit
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TikTokretailguy
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