How to survive the downturn
The current world wide economic downturn has, again, highlighted why small business owners must actively scrutinise their finances. Many small business owners still rely on old and/or out of date information.
Last week, I recently met with a new client who had experienced a 25% decline in their sales. When I asked them about their cost [...]
How to improve your reading speed
What if you could TRIPLE your reading speed in under 60 minutes?
That was the question Dr Michael Masterman asked me to consider — when he sent me a review copy of his new speed reading audio course three months ago. And you won’t be surprised to hear that I didn’t believe it!
Now, I’ve always avoided [...]
How to promote your business
As you know, customers are the lifeblood of your business. Without them, your business doesn’t stand a chance at success – and will crash and burn along with the many other small businesses that don’t survive their first five years. No matter how much time and money you spend on your marketing efforts, you will [...]
You Don’t have to Have all of the Answers; It is okay to Seek Help Once in a While
If you are too proud to ask for help in your business, you are missing out on many valuable learning opportunities. Mentoring is an essential tool to utilise in business. Mentors, business associates, friends and family can all provide valuable insight to assist you in your business success. Mentoring is one of the best sources [...]
Value your time as you can bet your customers won’t
Owning your own small business isn’t just a normal job, its 15 jobs or more all at once. You have to be your own PR specialist, marketing manager, bookkeeper, and receptionist in addition to the overseeing the primary product or service of your business – be it website design, marketing consulting, or pottery production.
It is [...]
Improve your business with key performance indicators (KPIs)
For those of you who are constantly looking for ways to better manage and improve your business, key performance indicators could prove to be a good solution. Key performance indicators, also known as KPI’s, are financial and non-financial measurements that help a business understand how much progress it has made in achieving its goals. Before [...]
4 ways to reduce your costs
The little details can make a big difference in the world of business. It is more likely that a small business will experience a surge in profits due to its implementation of a series of small cost-cutting strategies rather than the acquisition of a huge new client.
Cost cutting strategies for your small business don’t have [...]
How to get your Bank Manager to sanction your loan application
Financial skills are one of the most important skills to master in business. You will need financing at some stage in your business; beginning, expansion, or for equipment purchases. Understanding what a lender will be looking for and being able to provide it, will improve your chances of financial success.
Financial Ability to Repay
One of the [...]
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 [...]
