Money leaks in your small business eat away at your profits without you even knowing about it. Even if your business seems to be in great financial health, you should regularly check for leaks to ensure that you’re not unwittingly wasting money.


There’s a lot to think about when starting a small business and learning basic accounting terms may not be a top priority. However, it is incredibly important to familiarise yourself with accounting basics in order to get a grip on your finances and build a thriving business.


Whilst cheap accountants may be attractive in the short term, they can end up costing you a lot more money overall. More expensive firms with qualified and chartered accounts actually provide much better value for money and can save you a significant sum on your tax return.


Losses in business are fairly common. But some business owners tend to attribute them solely to inefficient sales and marketing.
However, that's not the only way a small company can lose money.
Here are some of the lesser-known reasons why your bottom line may not be as high as you'd hoped it would be.


Profitability doesn’t only come from sales numbers. And a profitable business isn’t always the one with the most customers and the highest sales.


It’s always a shock to see a seemingly successful company go under, but this doesn’t just happen out of the blue. There are always warning signs, and the survival of your business relies on you being able to recognise them. The sooner you can spot financial trouble, the sooner you can start working on a solution.


Some countries are still battling to pick up the pieces from the Pandemic and it is common world-wide to find small businesses battling! A recession is never good news but by having a plan firmly in place, you can set your business up for survival.


While speaking is often practiced and emphasized by many, the art of listening isn't one on which we find people spending much effort. In actuality, listening is easy and can be improved by following just a few simple steps.


An important part of success in life is the ability to lead. It is important that we not only be able to lead others but be willing to lead ourselves.

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