There are certain items of equipment, machinery and hardware that are essential to the operation of your business – whether it’s the delivery van you use to run your home-delivery food service, or the high-end digital printer to run your print business. When faced with these decisions, the question of buy vs lease business assets […]
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The Rise of the One-Person Business A solopreneur running a complete and viable one-person business is no longer a pipedream. Sam Altman, co-founder of OpenAI, recently suggested that a one-person, billion-dollar business could be possible as soon as 2026–2028. With the power of GPT-5 and other generative AI tools, individuals will soon be able to […]
We’re trading in uncertain times, where changes to the global economy can happen overnight. This creates a real challenge for your small business, making it difficult to plan ahead and understand the short to medium-term future of your financial strategy. But by monitoring and analysing your business data, it is possible to get back in […]
Read More… from Reducing the uncertainty: performance monitoring and analysis
Your financial reports depict the general health of your business and having a good understanding of these reports enables you to pinpoint areas that require a more detailed diagnosis. The three most important financial reports for your business are: – Your Trading Account. – Your Profit and Loss. – Your Balance Sheet. Let’s focus on […]
Founding, managing and growing a business is a BIG commitment. For most business owners, it will take years to build a customer following, turn a profit and create a truly scalable business. It’s a journey that can sometimes be pressurised, stressful and risky. – But when your plan really does come together, there is the […]
Read More… from Business tips: Have you achieved your goal for the business?
The beginning of a new calendar year is an excellent time to review last year and reflect on what worked, what didn’t, what you’d like to change and new things you want to implement. Take the time to review the year and acknowledge all that has happened, good, bad or indifferent. Examining the year with […]
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