4. Controlling your business
What’s in this chapter for you
‘I learnt the hard way that continuously making and selling things can give you a false sense of security. I didn’t spend enough time on cash and profit because I thought it must he looking good. I was selling so much. After eight months I was into a massive rescue mission, and it didn’t need to happen.’
– Richard Beare, Pots Galore
Get a grip on the records you need to keep
‘Of the four of us who started the business only one had any sense of how to keep financial records. When he was away from the office following an accident we didn’t have a clue ...