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 […]
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 […]
Know your numbers – part two
Your business numbers Do you know how much profit your business needs to generate to provide you with the lifestyle you want? Do you know how many sales you need to make to generate that level of profit? D0 you know how much tax you company will need to pay if it makes that […]
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 […]
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 […]
My tax bill can’t be that high!
“My tax bill can’t be that high!” “I don’t have the money to pay it!!” Have you ever thought or said this when you’ve received your accounts and tax return from your accountant 1 or 2 months before the payment deadline (or maybe even closer to it!)? Firstly, you should be receiving […]
“There’s Too Much To Do”
There’s Too Much To Do. I’m not enjoying this anymore. Have you ever felt like this running your business? What started off as fun and exciting has actually become a pain. Long days, constant firefighting, so much work to do and it feels like it’s getting out of control. And the to do list […]
Adapting your business to a slower economy – tips and advice
It’s hard to go a day without reading something in the news about the state of the economy. Whether it’s interest rates rising or the cost of living, there’s no getting around the fact that in 2023 there are many finding it tougher than a few years ago. But while there are some economic challenges […]
What Keeps You Awake at Night?
I often ask business owners the question ‘what keeps you awake at night?’ Sometimes its dismissed, ‘oh nothing’. But when we dig deeper and talk about the business and what they want personally we usually find something that is a ‘bit of an issue’ which if it isn’t addressed will become a major problem… …and […]
Stressed, anxious, angry, tired, demotivated, emotional…
Take your pick. When work isn’t going well this is how we feel. Running a business is not easy and at times can be really tough, events of the last 16 months have really brought this home. When things aren’t going well in our businesses it affects us and those around us. So, for the […]