Even the most profitable businesses in the world fail if you do not have healthy cash flows. Many profitable companies have gone bankrupt due to poor liquidity, i.e. lack of funds to meet maturing obligations. Consider advances, deferred payments, accelerated settlements (e.g. factoring), leasing, loans and borrowings, alternative funding sources (e.g. crowd-funding) and other possibilities of optimizing cash flows.

Avoid providing them. Try providing additional value of products and services to your customers and clients for the same price. A happy buyer is a good buyer. The buyer is also always right.

In business plans, always slightly overestimate costs and underestimate income. This concept of “prudency" is one of the basic principles of accounting. Leave room for unforeseen situations. The above-the-plan results are good news for all involved in the business, you, the banks, suppliers and other investors. The failure to meet the targets set in plan on the other side is bad news and cannot be logically explained due to overestimated or poorly prepared plans because in that case you document that you have not planned your business activities well.

Monitor and analyze the actual results against the plan. Analyze the reasons for the deviations from the plan and act. Make your conclusions and decide which steps to take to improve the results in the future.

Surround yourself with people who radiate positive energy both in private and business situations. Avoid people resistant to change, who emit negative energy and who always say that something "cannot be done".

It is very important to constantly develop and learn. The phrase goes „learn, learn and learn“.