Growing a business is a lot like raising children: it will need a lot of nurturing and care to be healthy and self-sufficient. So, when was the last time you sat down to spend some quality time making plans for your business?
Sales is the lifeblood of any small business. To become sales rockstars and keep up with changing consumer wants and needs, business owners must review some basic do’s and don’ts of the selling process.
The word “budget” can evoke a range of different feelings: dread and disappointment or pride, a sense of direction and achievement. However you might feel about them, the truth of the matter is budgets are a highly underrated business tool.
Thanks to changes outlined in the 2012/13 budget, business owners need to be aware of a number of superannuation contribution changes due to come into effect on July 1. Use this expert advice to ensure you don't break the law.
Having your business annual financial reports completed can be met with the same level of enthusiasm as a visit to the dentist. But there are number of very good reasons, beyond preparing a tax return, as to why business owners need to keep on top of their reporting.
A large part of business efficiency is ensuring that any expense incurred is spent in the best way possible to progress the business. The idea of cutting expenses endlessly may well not prove the best way forward - instead, expenses should be carefully monitored at all times.
Starting or buying a business can seem like a very attractive proposition, what with the promise of improved work/life balance and being your own boss, but it's not all smooth sailing. Here are the important considerations all potential SMB owners should keep in mind when deciding to go into business for themselves.
2012 is shaping up as a difficult year for many businesses, but the decisions you make now could determine how successful the next 12 months are. Here's the four factors thriving businesses have in common, which Sid Edwards says any SMB can put into practice.
Sid Edwards blogs about using the Christmas season as a time to plan for your business' future.
"The Christmas break is a time for family and to recharge, however it is also a time when business owners can reflect on the past year and review their decisions over that year to evaluate what has worked and what hasn’t worked so well."