Category Archives: Small business

NOW Is The Time To Plan Ahead

It's the end of another financial year and the start of a new one. Now is the perfect time to plan ahead and set out your strategies for next year. Now is the time to write your business plan, even if you haven't done it before, because I will give you a methodology that you can follow in a step-by-step process to write your business plan. But first, let's deal with one of the most frequently asked questions I get from small business owners about business planning: "But I only have a small business - do I really need to prepare a business plan?" My wholehearted answer is always "Yes, Yes and Yes!" (more…)...
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How Is My Business Performing?

As a small business owner, you will know about Profit & Loss Statements and Balance Sheets. They tell you about your business profitability and net assets. You can see, from one period to another, whether you are making more profits than before, or less. They are the start to giving you information about the performance of your business, and hopefully leading you to create strategies to improve profitability and to increase wealth. However, they have their limitations. For a start, they are historic. They give you the bigger picture, but unless you analyse them, they fail to break it down into the component parts. Where is the profit coming from, or where is it not? How solvent are you and what's up ahead? That's why it's important to dig deeper and put some attention to key financial ratios. (more…)...
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Take A Holiday And Make Your Business Valuable!

Yes, you can take a holiday and make your business more valuable at the same time! But before we look at how that happens, let's see if you agree that most small business owners struggle with their work-life balance. You are working long hours, sometimes weekends, when you go on vacation you can't help feeling the guilt, your phone or tablet is always on and always calling for your attention even at all hours of the night. Yet the reason you started your own business, apart from the passionate belief in what you are doing is...getting time to do what you want! Where's the sense in that? (more…)...
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Want To Start Your Own Business? Take These 7 Steps!

It's the start of a new year and you have a great business idea! What are you going to do about it? It's got you really excited, so of course, you must decide to start your own business...be your own boss! You can do things better than where you're working now, you can focus on your own Vision and build the business to be your path to your Purpose! So, what do you need to know before you start the business? How do you get ready? Here are 7 steps you need to take in order to take a reasoned approach to how you start your business. (more…)...
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