Your business needs cash. Cash is what keeps your company in operation and enables it to grow, so you should know how much cash your business needs to survive. Although many people think the answer is linked solely to operating expenses, this isn’t the case. There is no single factor that determines how much cash […]
Your 30s are an exciting time. You’re typically making more money than you were in your 20s and you’re looking to the future to determine the type of life you want to live. Your 30s are also a great time to take control of your finances, so you have more security and flexibility in the […]
Solid cash flow management is vital to ensuring your business survives, but not everyone understands what cash flow is or how to manage it. That’s likely what makes it a leading cause of stress for small business owners. In fact, a Capital One study found that 42% of small business owners say cash flow management […]
COVID-19 support packages are available. With COVID-19 still causing havoc around the country and with the safety net of JobKeeper no longer available, there are a number of support packages on offer by state, territory and federal governments. COVID-19 Support Packages for NSW Business The NSW Government will be offering financial support to businesses or […]
Preparing your End of Financial Year (EOFY) information often feels stressful—there are receipts to sort out and reports to review, and you need to make sure you have all the necessary information about your income and expenses. It can be overwhelming, and it can make the EOFY feel daunting. Read the tips for end of […]
We cannot stress enough the importance of properly managing a healthy cash flow to ensure the smooth running of your business. In times of crisis this becomes more than important– managing your cash becomes a necessity for survival. If you are experiencing cash flow troubles, here are five things you can do to manage a […]
Some small business owners find themselves in the difficult position of running a business that appears to be profitable, but still having no money in the bank. It’s an important situation to address. After all, a lack of adequate cash flow is one of the main causes of small business failure. Here are three reasons profitable […]
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Gone are the days when an entrepreneur was expected to be entirely focused on making a profit. Obviously, earning money is important to being sustainable and therefore staying in business, but it’s possible to both earn a profit and make a positive difference in the world around you, too. Read the ways to make difference […]
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Living a debt-free life is one of the dreams of many people. However, paying down your debt is easier said than done. Read and follow the tips to get out of your debt faster. Some people struggle to keep up with their monthly bills and become overwhelmed with the amount of debt they have to […]
At face value, it seems like a great idea. If you’re a small business owner with just a few employees, you probably think that hiring a payroll specialist is an expense that you can avoid. You feel that you can handle it yourself. You have the best intentions to keep your team paid right and […]
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Looking into affordable video chat and voice calling options for your small business? Here are the alternatives for online meetings. These four popular, user-friendly alternatives to Skype will help you connect seamlessly with team members, colleagues, and customers. Read on for a breakdown of each app’s features to decide on the best fit for you. […]
The loss of a job is one of the most devastating things a person can go through. The results of a job loss can be long lasting and the implications go far beyond the financial. While losing your job will most likely put your financial life at risk, the emotional consequences can be just as […]
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How business recovers from COVID-19 will depend on a number of factors. As business owners look to operations after COVID-19, there are some important business questions to ask. These questions will help you determine what adaptations you want to keep, whether your business model is working, and if there are additional changes you want to […]
The COVID-19 pandemic has caught most of us off guard. Who would’ve thought that the world would spend over a year battling a virus? Here are the Pandemic Preparedness Tips for your business. This unprecedented global crisis is a reminder that these business threats are very real and acts as a wake-up call for business […]
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We started 2021 with optimism and hope that this year is going to be better than the last. This includes boosting sales during COVID-19. The pandemic has disrupted the way we interact, shop, work, and transact. Businesses of all sizes have been plunged into darkness, with some even having to shut completely. Meanwhile, others managed […]
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In these difficult times, you may find your business slowing down and sales harder to come by. Given this trend, establishing and maintaining connections with existing and potential customers have become more important than ever. So here are some simple marketing tips to help you step up your marketing game: Marketing tip #1. Strengthen your […]
Most business owners face a time in their career when they have to communicate in ways or about topics they aren’t comfortable with. Communicating during times of crisis can make business owners uncomfortable and stressful in many ways. Whether you’re communicating with team members about business issues during the pandemic, hoping to negotiate a rent […]
If you’re like many small business owners you’re probably astounded by how the world has changed in a very short time. While we can all hope that the pandemic is a once-in-a-lifetime scenario, the truth is there is a lot in life and in business that is uncertain, and there is a great deal we […]