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 …
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 »
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 »
Most entrepreneurs are all too familiar with the rather depressing failure rate of startup businesses; research by Investopedia found that 50% fail by their fifth year. The same study found that one of the top reasons for this was that money simply ran out. In order to protect your startup, you need to keep a …
Here’s How to Stop Burning Through Your Startup Budget! Read More »
There are very few people who would consider an economic downturn to be good news, but tough economic times are particularly difficult for startup business owners. Unlike well-established businesses, startups lack coping mechanisms and support systems; the safety net is much thinner. However, hard times don’t have to prove fatal to your startup business. If …
How to Protect Your Startup During Tough Economic Times Read More »
There’s no denying that the covid-19 pandemic has been a difficult time for startup enterprises. If the past year or so has proven anything, it’s that the agile organisations are the ones who are set to survive. There are ways you can boost profitability during these uncertain times, and it’s not all about cutting costs, …
4 Ways Your Startup Can Boost Profitability in the Wake of the Pandemic Read More »
As a small business owner, you always have a million-and-one things to think about. It can be difficult to stay on top of the numbers and know which ones matter when it comes to the financial health of your business. However, it’s essential that you know whether you’re operating at a profit or not. Burying …
How to Work Out Whether Your Small Business Is Profitable Or Not Read More »
It seems like everyday we hear about another industry being threatened by the advancements in technology, but is accounting one of them? Cloud based accounting software certainly has risen in popularity in recent years, but Quickbooks and Xero are no replacement for living, breathing professionals – and here’s why… Location Freedom Before we dive into …
Why Cloud Software Will Never Replace Accountants Read More »
As a small business owner, it’s important to differentiate yourself from the competition, but doing so often comes at a hefty cost. According to the Small Business Administration, just below half of all small businesses survive for five years and just one in three stay afloat for over a decade. The importance of being financially …
How to Ensure that Your Small Business is Both Competitive and Financially Conscious Read More »
After a sustained period of growth, business owners often find themselves in a tricky position. The business now requires an experienced professional to take charge of the finances, but hiring an in-house finance director is still out of reach. In this case, it’s time to think about hiring a virtual finance director (FD) to lighten …