Too many business owners think they can't afford the time it takes to look after themselves. But can you afford not to take that time?
Do you know why we create financial statements?
“A business owner should be working on their business instead of in it.” It’s one of those phrases that gets thrown around by coaches and gurus and business magazines. But what does it actually mean? And is it true? And how do you do it?
Small business owners are innovative, hardworking and brave. They launch businesses and despite the odds, many of them succeed. However, a rather scary percentage fail. After almost twenty years of looking after small business accounts, we have identified five mistakes common to most small business owners...
Acknowledging the need for help is one thing but knowing what kind you need or where to find it is another. Do you hire? Do you outsource? Or do you do something entirely different?
As much as the ownership and management of a South African business comes with great reward, it also comes with a long list of duties and responsibilities. Too many business owners are unaware of these responsibilities.
Managing your cash flow and forecasting not only helps you stay on top of things and stay in business, but it is also a vital part of business strategy. It should be your number one priority as a business owner.
We live in a technological age and everyone has embraced the cloud - right?
The role of an entrepreneur involves wearing many, many hats. Especially in the early days of launching a business there often just isn’t enough cash for you to hire help. You have to be the manager, accountant, salesman and HR department all in one.
Have you written a business plan? A marketing plan? Done a SWOT analysis? Have you put your vision and mission into words and pondered your strengths and weaknesses? Should you?