How Accounting Software Can Increase Profits
Most small business owners who use accounting software quickly master the basics. They automate processes like invoicing and payroll, track expenses and view real time financial reports to manage cash flow and make better business decisions. But what many business owners don’t take advantage of are key insights that can improve customer care and increase […]
The worst business advice to follow
When you’re a small business owner, you get used to people giving you advice. Sometimes you seek out their insights while other times they share whether you want them to or not. While the advice is almost always well-intended, it’s not always good. In fact, sometimes it’s downright awful. Here are some tips that well-meaning […]
Managing work-life balance as a small business owner
We understand that, as a small business owner, it can be incredibly difficult to maintain a healthy work-life balance. The obligations and responsibilities of running your own business often take priority over any personal pursuits, no matter how important they may be for your overall well being. But, with the right strategies and mindset in […]
Plan to Maximise The Value
Selling a business Starting and running a successful small business is a significant accomplishment, but eventually, many small business owners will reach a point where they want to sell their business. However, selling a business is not an easy task and, without proper planning, the likelihood of success is reduced, and the valuation of the […]
Establishing good habits in business
If you’re like most small business owners, there are never enough hours in the day to complete every task on your list. Often you’re faced with prioritising what you need to do right now – deal with a customer, meet a deadline, attend an event – and the things you know you should do for […]
Plan For Business Success
Business planning – your roadmap to success Business planning is a crucial aspect of running a successful business. It lays out the direction and objectives of the business, providing a roadmap for reaching desired outcomes. One of the key components of effective business planning is setting clear targets and reviewing performance regularly. In this blog, […]
What is financial planning?
To many people, financial planning sounds like something for the very rich. The wealthiest people take their piles of money to someone who tells them where to invest it so they can make even more money. The rest of us just focus on saving what we can while paying off debt and hoping we don’t […]
Preparing an exit strategy
Research has repeatedly shown that businesses that have been prepared for the owner’s exit are significantly more likely to endure than unprepared businesses. These guidelines around an exit strategy can help your business legacy live on – and get you a satisfactory result. Preparation delivers the best results The key message to take away is […]
Getting the work–life balance right
As a business owner it’s hard to juggle your work and outside responsibilities. It’s important to run your business effectively and still have a life outside the office. You need a good balance between work and play for your health and well-being. Small business owners especially often fall into the trap of working too hard, […]
Improving cash flow: How to get paid faster
Maintaining positive cash flow can be challenging for many SMEs, whether you’re just starting out or have been running your company for years. The difficulty often comes down to waiting for clients to pay their invoices. One or two chronic late payers cost valuable time and money when you have to chase them down; if […]