Do you know the difference between profit and cash? It’s all money, right? Technically, it is all money. But it is not the same kind of money. Many people assume profit and cash are one and the same. But in business, they are very different metrics, each with a...
As a small business owner, we know that you have got an awful lot on your plate. So much, in fact, that it can be hard to know exactly what to focus on! But when you boil all your business tasks down, the most important question to ask is: will this task help with my...
Do your employees enjoy being at work? Most people spend more time at work than they do at home. So transforming the workplace into a positive, supportive, healthy environment can make a world of difference to their mindset and attitudes. This is true of a home office...
Every successful business owner knows that planning is essential. Without a well-thought-out strategy, it's impossible to get through those first crucial years let alone continue growing! But what happens at the other end of the business life-cycle? Have you thought...
No one has time to waste. There are only so many hours in the day, you want to ensure you maximise each one. Especially if it means you can finish work on time and enjoy time with your pets or family! If you are trying to boost productivity and efficiency in your...
One of the hardest parts of starting to work with a virtual assistant (VA) can be figuring out how to hand your tasks over. Often, a barrier to even handing tasks over can be knowing that they won’t be done the way you currently do them. This is not necessarily always...
Sometimes in business – as in life – things don't go to plan. The cash flow is just not flowing, you may face an unanticipated family crisis, or be thrown a curve-ball by mother nature. It can be tempting to find a rock to hide under. But burying your head in the sand...
Regardless of how big or small, or how new or old, your business is, getting your finances sorted is vital. Failing to get these basics in order is like setting off for a run without tying your shoelaces. You might make it through the front door if you're lucky, but...
Running a business can be bewildering at the best of times. But, come tax time and the fine print gets even more confusing! Knowing exactly which things you can and can't claim back can help things run more smoothly at "that" time of year. Plus, it’s always nice to...
If you despise the process of raising invoices, then listen up! There is a better, less time-consuming way. You can ditch the fillable template documents and manual invoice book (if you are still using them of course). If you run a business, chances are you will have...
The number one reason businesses don't outsource is that they think they can't afford it. While affordability is always a valid concern, quite often business owners make this assumption without taking into account the opportunity cost of all the time, money and...
Do numbers make you feel a little bit queasy? Do your eyes glaze over at the mere thought of your chart of accounts? Knowing the fact that those numbers in those reports actually equate to hard-earned dollars can make you feel even queasier! That is why it is...