Accounting reports are reports that contain financial information derived from a business’ records, in order to summarise their financial status. There are many different types of accounting reports and they vary greatly in terms of purpose and comprehensiveness. Income statements, balance sheets and cash flow statements are all common types of accounting reports that you …
Successful business growth requires a solid plan. In fact, rapid and uncontrollable growth can actually do more harm than good in the long run, which is why it’s vital to have a growth plan in place. But how do you go about mapping out a growth strategy? And, since no-one can predict the future with …
As your business begins to grow, it’s important to make sure that you are scaling up in the right way. There are many common mistakes that businesses make during the scale-up phase, and if you’re not careful you could find yourself struggling to keep up with the competition. Let’s discuss five of the biggest mistakes …
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 »