Smarter Money Management = better cashflow
The problems with cashflow is that you only know when you have cashflow problems when you can't pay for something. It is entirely reactionary for most entrepreneurs but the super successful know...
When should you increase prices?
Pricing is an emotive subject and many clients are scared about increasing their prices. So much so that many refuse to do so and the compound effect of not increasing prices has cost them tens, if...
How much should you pay an employee?
How much to pay a marketing manager, a plumber, a sales manager and a goldsmith. The same question came from four clients in four weeks. But the question of how much to pay an accountant is what...
Team performance
Most companies firefight when it comes to recruitment, either because someone has left or the influx in sales had led to an increased workload. Either way, without planning and time to recruit, the...
Business is a numbers game, but do you know what business numbers to meausure?
Business success is measured by business numbers, that’s all, pure and simple. Even the biggest companies in the world follow this and they publish their business numbers regularly. But if you look...
Performance indicators
Indicators, they aren’t just used to tell other road users which direction you intend to take. In business, you should use indicators to inform you of the good, the bad, or the ugly. When you build...
The cost of new staff – when to hire the next person
To build a business will eventually mean that you need to hire your first member of staff. To continue to build a business then you’ll need to hire more staff. It is always a catch 22 situation when...
Selling up – when do you sell your business?
When do you sell up? That is the simple question to answer. You sell your business when someone comes along and knocks on your door with a fist full of dollars that is enough to make you walk away....
Business Valuation – How much is my business worth?
Well, that depends..... Business valuation is a dark art, if you listen to any Corporate Finance professionals that is. But in reality, it is not a dark art, nor is it an art at all. Business...
Tax News June 2017
The latest tax news for entrepreneurs Our monthly tax news bulletin cuts straight to the main tax news the effects entrepreneurial business owners. Tax-Free Childcare and childcare options Tax-Free...