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 […]
If my business is making a profit, where’s the cash?
Some small business owners find themselves in the difficult position of running a business that appears to be profitable, but still having no money in the bank. It’s an important situation to address. After all, a lack of adequate cash flow is one of the main causes of small business failure. Here are three reasons […]
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 […]
Are You On Track?
Are you on track for retirement? If you are thinking about retiring in 5, 10 or 15 years-time, have you tried to work out the income you will need to live the lifestyle that you want? Now if you do complete this exercise, the number you come up with is very unlikely to be […]
5 signs you need to start outsourcing tasks
When you start a business, it’s usually only you behind the whole operation. You wear many hats, from CEO to cleaner. As you pour your heart and soul into your business and it begins to grow, the amount of work involved grows with it. Because a small business is so focused on survival, you pay […]
Know Your Numbers – part three
Your Retirement Numbers Do you know how much money you need in retirement? Do you know when you can afford to retire? Have you not thought about it? Have you just ‘thought’ I’ll retire at 60, 65, 70 whatever age you’ve thought of? How did you decide on ‘that’ number? Most people reading […]
Know your numbers – part one
Your personal budget Do you ever get that feeling that you’re constantly pushing yourself harder to earn more because there never seems to be enough? You’re already busy running your business but are pushing harder so you can earn more just to cover bills and then there’s also those extras that pop up just […]
Tips for managing construction industry cashflow
Owning a small business in the construction industry can be incredibly stressful. In addition to the long days and difficult working conditions, you have to worry about cash flow issues. It can take a long time to collect on payment from your clients or contractors who hired your business, and in the meantime you have […]
Where Did The Day Go?
Where did the day go??? Do you ever look at your watch, phone, or clock at work, its gone 5pm and time to go home and wonder “where did the day go?” You look at the list of things you wanted to get done and rather than have ticked some items off, you’ve added to […]