Effective small business administration is vital to keep your business alive during thin trading times and, growing safely when times are good.

The business has to be tightly run, with emphasis on cash flow control. Many business people do not realise that cash flow can be more important when a business is growing and they only look at the way they operate when things get critical.

A growing business needs working capital to meet the demands of the market in terms of materials, labour and consumables. This eats cash and the business can rapidly run out of funds. This is known as