I've found that the majority of business owners are unaware of the effect growing their business has on cash flow, yet by you not understanding this concept a massive barrier to the growth of your company is created.

Fifteen years ago when I was just starting up in business for the first time, a businessman that I met said to me, "It's hard to find good people when you are a small business and when you do you can't pay them what they are worth. Give them some shares in your business and they will be committed to the company". Is this right or wrong, I discuss.

I keep getting asked what is important when starting and running a successful business. Its sometimes hard to answer this until you sit down and think what you actually do and why this has been successful over the years. With this in mind I sat down and wrote what I think are 10 important tips that I hope that you will find helpful. If you agree or disagree then please let me know via the comments.