With the new year looming and businesses everywhere grappling with change, now is a good time to consider some ideas on how you can work on your business, setting yourself up for a stronger year in 2013. It’s time to work smarter not harder.
New research from the University of Technology Sydney has revealed the state of play in small business, and offers some lessons for SME owners to learn from.
It’s an unfortunate fact that many otherwise promising businesses fail in the early stages due to cashflow problems. When it comes down to it, cashflow is mainly about people and systems – get those two elements right, and your business could be on track for a much smoother ride.
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.
Working for yourself means not only do you need to market your products and services and bring in new business, but you also need to manage your own financial accounts. You have to keep on top of the money coming in and out if you want to survive the first year in business. These five tips will help.
The lead up to the end of the financial year is a great time to understand how well your business has performed this past year, and what your targets are for the next year. This is where a financial roadmap, which incorporates a budget and a cashflow forecast, comes in handy.
The budget is the single most important management tool most businesses have. But when the budgeting process drags out, it becomes a painful waste of time. Here’s the case for creating a tight, focused budget process that takes no more than three to four weeks.
Hint: Your friends may be a big part of whether you can live (and love) a more frugal lifestyle.
From lawyer to art director of a famous exhibition; Sculpture by the Sea, David Handley explains what it takes to build an export business where the customers come to the product. Despite his impressive resume, David Handley needed a change. And in his pursuit to export Sculpture by the Sea, he may have invented the […]
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