Should you buy a building for your business? Tired of paying rent for your commercial premises and considering buying a premises for your business? Owning a building works best if your business is well-established, you have money to invest, and … Read More
budget
Keeping your cashflow strong in tough times
Small businesses are particularly vulnerable in tough economic times. When sales are slow, there are still overheads and salaries that need to be sorted. Pre-planning and being proactive can help you weather tighter economic periods and allow you to continue … Read More
5 signs you’re undercharging for your products or services
Are you undercharging for your services? It can be hard to tell, particularly if you’re in a niche industry or you’re a contractor. Costs have been rising, so it may be time to rethink your own pricing. Here are five … Read More
How to Calculate Your Breakeven Point
Understanding your business breakeven point is essential to know how much money you need to make to stay in business. It can therefore help you make well-informed financial decisions and practical business plans. The breakeven point is the income or … Read More
5 ways to get in control of your business finances
Having proper control of your business finances is a big advantage. It helps you make well-informed business decisions and keeps your organisation profitable. With so many digital tools for managing your bookkeeping, accounting and management reporting, it’s never been easier … Read More
Your Q4 2022 Deadlines for the Diary
Your Q4 2022 Deadlines for the Diary Have you got all your March quarter obligations under control? Soon enough, we’ll be into the last quarter of the financial year, often a busier time for small businesses. We’ve highlighted some upcoming … Read More
Hiring Employees for your Startup Business
When setting up your new venture, the people you hire may well become the most important assets in your business. They’re your trusted workforce, the face of your new brand and the people you’ve entrusted with getting your business idea … Read More
Understanding the Basics of Business Taxes
Understanding the Basics of Business Taxes Different business structures pay taxes in different ways. Although there are many taxes that a business might be affected by, the main ones are goods and services tax, income tax, pay as you go … Read More
5 goal-setting tips for the year
5 goal-setting tips for the year Wouldn’t it be great to have your best year ever, this year? Whether you want to grow your business or take more time for yourself, these goal-setting tips can help you achieve your long-term … Read More
Is your cost of sales affecting gross profit?
Is your cost of sales affecting your gross profit? Do you know how much it costs you to produce each product or service in your range? The better you can understand this cost of sales – or cost of goods … Read More