Considering Your Small Business Viability
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Cumberland Council
11 Sep 2020
20 October 2020 - Come and join this free 1-hour business webinar as part of Cumberland Small Business Month.
Viability is defined as the ability to survive. In a business sense, that ability to survive is ultimately linked to financial performance and position. A business is viable where either:
it is making a profit that is enough to provide a return to the business owner while also meeting its commitments to business creditors or it has enough cash resources to sustain itself through a period when it is not returning a profit.