The covid-19 pandemic has caused financial hardship across the globe. The world may be slowly – and shakily – recovering, but inflation rates are already on the rise, which can be bad news for small businesses. Fortunately, there are steps you can take to protect your enterprise against rising costs. Let’s take a look at …
How to Protect Your Small Business Against Inflation in the Wake of Covid-19 Read More »
A healthy cash flow is essential to the success of your small business, and it’s important to regularly review your strengths and weaknesses in this area. One of the most important things to look at is your cash flow habits so that you can identify areas of improvement and protect the financial health of your …
Cash flow management is crucial to the financial health of your business but, sadly, it can be especially tricky to handle for seasonal business owners. Peaks and troughs can have you wondering how you’re going to survive the slow months, let alone grow and improve your business. Fortunately, we have several strategies that can help …
There’s a lot to think about when starting a business for the first time and prudent money management should be at the very top of that list. It’s important to put financial best practices into place so that you can manage your money well and create good habits going forward. Let’s take a look at …
4 Essential Money Management Tips for First Time Business Owners Read More »
As a small business owner it’s only to be expected that you want to take things to the next level. However, before you begin to grow it’s important to make sure that your business is scalable. Scalability is your ability to grow your business without overwhelming your current structures or running out of resources. Therefore, …
5 Tips to Ensure that Your Small Business is Scalable Read More »
Many small business owners operate under a DIY mindset, and whilst that is admirable, you’re often far better off sitting back and letting technology take care of tasks for you. This is certainly the case when it comes to payroll. Let’s take a look at six reasons why you should switch to payroll software. What …
Should You Use Payroll Software for Your Small Business? Read More »
As your small business grows, it will also encounter new and increasingly complex financial problems. In this day and age, a virtual CFO might just be the answer to your prayers. Let’s take a look at six key reasons why small business owners should outsource CFO services. 1) Time As a small business owner, you …
6 Reasons for Small Business Owners to Outsource CFO Read More »
Starting a new business venture by yourself is incredibly exciting, but it can be daunting, too – especially when it comes to accounting and taxes. The sooner you begin to learn about accounting, the less likely you are to run into trouble, which is why we’ve put together a basic accounting guide for new sole …
Accounting and Bookkeeping Basics that Every New Solopreneur Needs to Know Read More »
Sales is one of the trickiest parts of running a small business, particularly if you haven’t worked in the field before. There’s an art to selling and it’s a skill that you can fine-tune over time. It’s important to take the time to master the sales process and learn how to overcome the most common …
How to Overcome These 7 Sales Objections With Ease Read More »
Credit control is the process by which businesses extend credit to customers in order to make it easier for them to purchase a good or service. This could be by delaying payment or breaking down the total purchase amount into more manageable installments. This strategy drives up sales but it’s important to be careful about …
A Guide to Credit Control for Small Business Owners Read More »