balance sheets

How to Protect Your Small Business Against Inflation in the Wake of Covid-19

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 …

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5 Tips to Ensure that Your Small Business is Scalable

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, …

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Accounting and Bookkeeping Basics that Every New Solopreneur Needs to Know

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 …

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5 Strategies to Grow Your Small Business into a Big Business

For many small business owners, the first few years are simply a struggle to survive. Prioritising business growth may feel scary, but it’s the secret to getting past the break-even point and transforming your small business into a bigger and more profitable enterprise. We’ve put together a list of five growth strategies that can see …

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How to Create an Emergency Fund for Your Small Business: 7 Easy Tips

It almost goes without saying that you should create an emergency fund for your small business. Running a business can be unpredictable and, as the saying goes, even the best laid plans often go awry. It’s important to create a safety net to prepare yourself for unforeseen circumstances so that your business can weather the …

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The Four Cash Flow Forecasting Blunders That Lead to an Inaccurate Financial Picture

Cash flow forecasting is a powerful tool for businesses of all sizes. To make it all the more effective, avoiding these common mistakes is crucial. Making projections can be incredibly beneficial for controlling the financial situation in a business. Because of this, financial reports are the most important aspect of company accounting.  The forecast serves …

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