If you are a small business owner looking to stay on top of your finances and ensure the success of your business, then you need to know about cash flow. In a nutshell, cash flow is the amount of money coming in and going out…
Setting Financial Goals for Your Small Business The thing is, I often chat with small business owners who feel overwhelmed by the numbers in their business and aren’t too clear on how to set financial goals or even track their progress towards them. I hope…
Are you looking to get a better understanding of your business’s financial health? Then you need to know about the balance sheet. A balance sheet is a financial document that gives you a quick snapshot of your business’s assets, liabilities, and equity at a specific…
So, you’re a small business owner and you want to know what a profit and loss statement is and why it matters. Well, here’s a simple explanation that might help. A profit and loss statement, also known as an income statement, is a financial document…
I know some business owners who are driven mad just by the very thought of processes. Here’s how some of them think: It’ll stifle the way I do business, I prefer to go with the flow. Why put all that time into implementing systems when…
I find these days there tends to be a lot of focus on the benefits of individual attention, think of all those offers of tailored fitness, eating, learning or even business coaching programmes with only YOU in mind. Sounds great, right? But here’s the thing,…
You probably haven’t heard of a Default Diary. Well, let me tell you, you are missing out on one of the biggest game changers when it comes to effective time mastery. We all want to achieve more with the hours we have, and the default…
Networking is such a valuable business development strategy. Each time you connect with someone, whether online or at an in-person event, you create the opportunity to lay the foundation for a business relationship. But one conversation won’t be enough to keep that relationship going –…
Almost 50% of small businesses close within 5 years. That’s quite a statistic. What often happens is the business kicks off full of energy. The owner is kept busy in the first few years after launching the business with driving sales and operations. There usually…
Even the best leaders have blind spots. No matter how successful or confident a leader may be, there are likely to be areas for development and behaviours that limit their career progress or ability to truly excel. These blind spots can manifest in any area…
It’s the little things that count How often do you hear your employees say, “Thank God it’s Monday!” Not too often, I bet. Which is a pity, because let’s face it, we spend most of our lives at work. So why not make it a…
