Back from holiday? How do you get motivated for business again?
So you just got back from holidays, huh? We know the feeling. Holidays are the elixir of life. If you know someone who doesn’t appreciate their vacation time, you should seek better company. The worst part of a holiday, though, is the fact that it…
3 essential cash management strategies
There are three core elements to effective cash management: Cashflow Forecasting Shortening The Sales Cycle Understanding Working Capital To be a cash positive and well managed small business, you will need to know these concepts back to front. Let’s dive in! 1) Cashflow forecasting Managing…
Recruiting tips for your small business
Recruiting and retaining key talent is just as important as it sounds. If we understand that our employees and the work they do form the very skeleton of our business the more value we place on hiring the right people. A correct choice could see…
The benefits of decoupling personal and business finance
Is your business and personal finance wrapped up together? If so, now might be the time to consider ‘decoupling’. Access to funding is critical for many small businesses. And, the reality is that traditional lenders don’t typically lend to businesses who don’t have an extensive…
Why you need accounting software in your business
Accounting is a critical component of any business or organization. It is more than just documenting every financial transaction of your business. Accounting is not limited to compiling records of every purchase, payment, and gain your business has made. It allows you to see how…
How small businesses can compete against larger businesses?
Being the little guy is often an unenviable position to be in. This stays absolutely true for small business. How does the underdog compete among the big brands? Get specific and comfortable in niches Get your niche on people. If you are entering an established…
Budgeting tips every small business needs to know
Poor budgeting can lead to planning errors when you are mapping your business’ expected income and expenditure. This could be catastrophic. If you are a small business owner, you should be virtually living for a budget. For good reason too, there are many potential rewards…
Do you have what it takes to be your own boss?
Are you daydreaming in your cubicle again? Pretty sure you could run this place? Thinking of running your own business is a common phenomena among aspiring entrepreneurs – the mastery of ones life, the promises of financial success, the ability to exercise your business skills.Its…