Productivity

5 common accounting mistakes (and how to avoid them)

Starting a business can be a challenging experience, especially when it comes to managing your numbers and staying on top of your financial management. Unless you’ve got some experience in finance, the bookkeeping and accounting requirements can be quite daunting. And even with today’s helpful cloud accounting platforms and fintech apps, there’s always the possibility […]

Tips and tricks to shake off negativity

At the end of the day, negative attitudes often mask a lack of energy to ‘just do it’. Negativity can be habit-forming, providing endless excuses to under-perform and becoming a self-fulfilling prophecy. But you can change the way your day’s going and increase your success by being aware of negativity in your career and personal […]

Navigating financial metrics: Why the Current Ratio is key for your business

Ever felt like the term “current ratio” sounds like something straight out of a high school mathematics class that you’d rather forget? You’re not alone. But here’s the thing – understanding the current ratio can be a game-changer for managing your business’s financial health. Here’s a simple breakdown. What is the Current Ratio? In the […]

Digital Snapshot: The do’s and don’ts of ChatGPT

Everyone’s talking about the artificial intelligence chatbot ChatGPT. ChatGPT is a fantastic free tool. But there are some things to watch for. DO Use it to check your emails and letters: sending an important email to a client or business partner? Use ChatGPT to create a draft and check your finished content. Ask the chatbot […]

How deep financial data helps you make better business decisions

As a business owner, you want to make the best possible decisions for your business. The choices you make regarding strategy, spending, revenue generation and cashflow management can all have a major impact on the long-term future of the company. So, how do you give yourself that competitive edge when it comes to decision-making? The […]

Understanding 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 sales needed to cover all costs. Any earnings above this point generate profit. So your […]