Impress your bank manager! How to read your profit & loss account report
If you are relatively new to the business arena, you’re probably not too good at reading financial statements. But for someone who is planning to start a small business, it is crucial to learn how to read financial statements and understand what they mean.
Today, we are going to discuss one type of financial statement called [...]
Impress your bank manager! How to read your balance sheet
If you want to do well as a small business owner, it would help you if you could understand the basics of how to read a balance sheet. The balance sheet is an indispensable part of a business accounting information and is essentially a snapshot of a company at a specific point in time.
The balance [...]
Discover 7 Common Causes of Cash Flow Problems in your Business before it is Too Late
Cash flow provides the necessary fuel to propel your small business forward. Cash flow problems can lead to an insolvent business structure and are a leading indicator of a failing business.
Here are 7 of the most common causes of cash flow problems in small business and solutions to help you avoid them:
1. Lack of Payment Term [...]
How to Create a Compelling Vision for your Business
Your company’s vision statement is the statement of its potential and of what you want your business to become. Your vision statement should be meaningful to you and your organisation. It should be shared will all of the employees in your organisation in order to create a unified direction for everyone to move in.
Crafting a [...]
Am I in the Right Business?
Are you tired of working constantly without a vacation and having the money to show for your efforts? If you are wondering whether you are in the right business, consider the following questions:
Do you know the ins and outs of your business?
Understanding the ins and outs of your business and the industry that your business [...]
The 10 Commandments of Goal Setting
Setting goals personally and professionally is a crucial step to implement to ensure success. Here are 10 Commandments of Goal Setting:
1. Be Passionate
Be passionate about your goals so that you are motivated to achieve them. Scratch off any goals on your list that you are not willing to do anything it takes to accomplish them.
2. Be [...]
