Having a large amount of debt in your business is bad for cashflow, weakens your overall financial health and brings down your credit score as a business. So when customers don’t pay on time, that ‘aged debt’ is bad news for your finances. Aged debt can begin to stack up, adding to your liabilities and […]
Cost Management And Cutting Your Expenses
Operational costs will be one of the biggest areas of expenditure in your business. And the more it costs you to produce your products and/or services, the smaller your end profit will be. So, if you’re going to promote positive cash flow and drive the best possible profit margins, you need to get serious about […]
Do You Have An Effective Website For Your Business?
89% of customers begin their purchase with an internet search. It’s never been more vital for your business to have an effective website. We’ve identified five key steps that will help you to build a site that’s effective, easy to use and creates the best level of engagement with your target audience. Step 1: Decide […]
Employee Engagement Is Key To Business Success
Companies with engaged employees are 21% more profitable, according to research by Gallup. Managing your employees’ performance, and keeping them engaged with your business vision, is key to the present and future success of your business. Your people are one of the most important assets in the business, and you need them to be motivated, […]
Making price quotes work for you
When a customer asks you for a quote, it means they’re seriously considering doing business with you and you’re one step away from closing the deal. But it’s important to get your quote right. A price quote is a formal document, and it outlines your understanding of what is involved in the job and your […]
Is Your Small Business Ready For Single Touch Payroll?
Are you ready for Single Touch Payroll? For employers with 19 or fewer employees, single touch payroll (STP) legislation will be coming into effect on the 1st of July 2019. Are you ready? What is Single Touch Payroll and what do the changes mean for your business and who does it affect? What will you […]
Looking For Business Funding? We Can Help.
Top tips for successfully securing funding for your business The key enabler for success for many startups and small businesses is securing funding. Even with the growing support around the world for investing in entrepreneurs, many businesses still struggle with the preparation required when applying for funding. Here are our top tips: Network – get out […]
How To Do A Bank Reconciliation
Bank reconciliation keeps your bookkeeping accurate and can help lower your tax, alert you to fraud, and allow you to track costs. Bank reconciliation involves a comparison of your sales and expense records against the record your bank has. It can take a lot of time to do it manually, so you may want to […]
What Role Does Your Board Play? Understanding Leadership
Once your business is incorporated and becomes a limited company, you’ll need to have a ‘board of directors’ in place to provide your core leadership and run the business. But why do you need a company board? And what are the different roles and functions that each member of the board supplies? Leading the business […]
