The advantages of a business dashboard
A business dashboard is a valuable business intelligence tool, offering an “at-a-glance” big picture view of a company’s performance. Some business owners use a business dashboard to track KPIs relevant to just one aspect of their business, such as sales growth, marketing, or financial data. Others rely on an executive dashboard for an overview of […]
The importance of documenting processes and systems
Many entrepreneurs operate with their business processes and systems in their heads. They know what they need to do each day and the way they want to get things done. Unfortunately when a business grows and staff need to be hired – or the owner needs to take time away from the business – it’s […]
Bitter sweet – Historic Ruling to Cut Weekend Pay Penalties Welcomed By Small Businesses.
Sunday and public holiday penalty rates will be reduced for full-time and part-time workers in the hospitality, retail and fast-food industries, the Fair Work Commission has ruled. This is one of the biggest changes for penalty rates this century and will lead to big cost saving opportunity for many small businesses who simply […]
Successful businesses rely on data not gut feel to make decisions!
Many of the business owners I speak to run their business based upon their beliefs or a gut feel. This can lead to poor decision making, costly mistakes and missing out on opportunities. A data-driven business is one that keeps it real and makes smart, well-informed decisions based upon fact and information. Any […]
Your Business By Design
Most Business owners look at their business the wrong way. They slave away for long hours, doing everything in their power to make every detail of the business run just right. But, slaving away for hours on end is not probably not why you started your own business in the first place—nor is it […]
Is a mobile office the answer for your business?
The world is changing. With the development of new cloud technology for many businesses there is no longer the need to be tied to an office. For most client we speak to office costs are up there with the largest cost of running their business. So just imagine if you could completely wipe out this cost. […]
New Year’s accounting resolutions
The beginning of the year is a great time to reflect on the past twelve months and prepare for the next. Here are some useful accounting tips to help you get your business finances up-to-date and ready for the year. Keep your business in shape People often make New Year’s resolutions to live […]
10 Ways to Pull Yourself Out of a Business Rut
Most business owners find themselves in a rut at some point. You work hard to make your business successful or even to just survive. With so much for you to think about it can be easy to get into a rut and lose the passion for what you do and forget the reasons you started […]
Improve cashflow with these 5 steps to faster payment
Cashflow is king for small business. You feel it when payments are late. Yet up to 40 percent of invoices are overdue by a month or more. So improve cashflow with these 5 steps to faster payment 1. Review and adjust your payment terms and pricing As a business owner, you might have […]
Track small business cashflow without spreadsheets
If you track income and expenses on a spreadsheet, you could be losing sight of how your business is performing and wasting a lot of time on data entry. There are low-cost alternatives that allow you to monitor business cashflow really simply.
