After the boom years under New Labour, the bubble very much popped in 2008. Four years have passed since then and the economic storm has battered businesses' defences, but many firms stand firm in spite of the challenges.

The technical definition of a recession is when an economy experiences two consecutive quarters of negative growth, which is what happened in the second and third quarters of 2008; however, the human impact is often not felt until long after that.

Growth is something that the majority of business owners are aiming for. Most entrepreneurially-minded individuals will admit that they won't be happy unless their profits grow each year - something that comes from expansion.

However, growing a business takes a lot of planning and preparation - particularly when it comes to financial management. In fact, the best methods of managing a business' earnings can change quite significantly once more money starts to come in.

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