We have some advice for business owners who have become employers of large staff complements.
You're a good person, you want to do good. Just don't fall into the trap of giving away your time or knowledge for free, it doesn't do the good you think it will.
We have dealt with the difference between your income statement and your bank statement in a previous blogpost, so in this one we will deal with why there is a difference between financial profit and taxable profit.
Building a business is really, really hard. Do not believe the sugar-coated stories about success. If you want to build a business, it will involve a LOT of hard work, many sleepless nights and many, many moments of wondering why.
The Corona virus has changed the world as we know it, albeit temporarily, and all the measures put in place to protect us have had a very adverse effect on many small businesses! Don't panic...
Working from home can be extremely rewarding and equally frustrating. If you have transitioned from an office job to remote working or to running your own business from home, then it can be quite an adjustment!