Productivity

Know Your Numbers – Your Trading Account

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 […]

Business tips: Have you achieved your goal for the business?

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 […]

What are your business goals for the year ahead?

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 […]

Do you feel like a slave to your business?

Feeling like a slave to your business implies a loss of control; thinking that you need to be available to your customers 24/7 and that your team can’t cope without you. It can also imply a victim mentality – that this is just what it’s like to be a business owner, and it’s something you […]

Understanding your revenue drivers

For your business to make money, you need to generate revenue. You produce revenue through your usual business activity, by making sales, getting your invoices paid, or taking cash from paying customers. So, the better you are at selling your products/services and bringing money into the business, the higher your revenue levels will be. But […]

Slam the door on scammers

You keep your system firewalls current with regular updates and a switched-on IT provider. What about the human factor? Scammers using social engineering can fool business owners and employees into revealing key business data. Just as people become wise to one technique, scammers develop another. They rely on people being friendly, helpful or naïve. Raise […]