5 Quick Ways To Boost Entrepreneur's Personal Wealth


BENGALURU: For those entrepreneurs who are skilled and creative yet cannot hold on wealth for themselves at the end of all the efforts they had invested in the startup, Forbes has listed five quick tips to consider.

# 1 Recover Cash Flow:

While entrepreneurs focus on increasing their top line revenue in the initial phase of startup, they are missing many number of profitability opportunities.  They could achieve profits without taking any risks or working any harder than usual.

Cheryl Conner Contributor for Forbes Business opines that most firms are inadvertently paying too much in taxes for things they can directly control.

The average savings for even a small business for a closer examination of cash flow is more than $11,000 a year according to Gunderson of The Elevation Group’s Wealth Factory. The sum can substantially vary from larger firms to lower firms. Smart management of cash flow is one of the most efficient ways of strengthening your wealth. Gunderson cited the examples of saving money on land leases for office by depreciating the building investment separately for greater tax savings

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