Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an Income statement and its main purpose is to list income and expenditure. Whereas a balance sheet is a snapshot in time, the P&L shows transactions over a specific period of time. This can be […]
Why You Must Set SMART Goals
You’ve probably heard of SMART goals and, spoiler alert, they’re not rocket science… but they do work. SMART goals are an excellent filter to maximise planning outcomes. With the SMART acronym comes five simple parameters; that any goal (if you truly want to achieve it) must be Specific, Measurable, Achievable, Relevant and Time-bound. When thinking […]
P Is For Purpose, Not Profit
Why does your business exist? Your purpose is roughly three to seven words explaining why your business exists for your customers. Your purpose should be about THEM, not you. It is a small statement, with immense power. EXAMPLES: Tesla: To accelerate the world’s transition to sustainable energy. Walt Disney: To make people happy. TED: Spread […]
Delighting Your Customers For Better Referrals
The most simple and cost-effective way to grow your business is so often overlooked; happy customers become your strongest advocates. They talk to their friends, family, and associates and refer business to you. Here are 10 ways to delight your customers: Meet with your customers more often and take a genuine interest in how they’re […]
Covid-19 Advice for Employers
The Covid-19 local and global situation is changing daily and the impact on business, and particularly employers is now a reality. Employers are facing unprecedented changes to the way of working, and many employers are having to do this with little or no preparation for such adversity. The Fair Work Ombudsman has updated their information […]
Funding Is The Key To Your Growth Plans
Sourcing the right funding for your business can be the first step in achieving your growth goals, or the helping hand you need when you’re in a cash flow hole. Cash is king when it comes to funding your growth plan. But with the funding market now bursting with a huge choice of traditional and […]
Working From Home? Claim Your Home Office Expenses
If you have a home office for your business, you should be able to claim some of the costs involved in maintaining, owning and using your home. It’s important to be aware of what you can and can’t claim, and the record-keeping involved in making a claim. How does it work? In order to claim, […]
Social Distancing: Running Effective Online Meetings
In unprecedented times, businesses must adapt to remain productive. If face-to-face meetings are a key part of your daily business operation, here are some tips to take your meetings online with minimal disruption. Find the best system for you. There’s a range of free or low-cost platforms, including GoToMeeting, ezTalks, Join.me, Zoom, Google Hangouts, and […]
Remote Working: How To Get Your Business Ready
In a crisis, the ability for your staff to work remotely could, quite literally, be a lifesaver. But how do you set up your team to become remote workers? And what are the key considerations to think about when working remotely in the cloud? Key considerations of remote working 61% of global companies currently have […]
