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.
5 Simple Apps To Track Your Business Expenses
Ever wondered why you always end up with a big tax bill. Most small businesses miss out on thousands of Dollars in tax savings very year because they fail to keep track of their business expenses. This is no surprise when you consider that over 50% of small business expenses are generated on the […]
3 Alternatives to Microsoft Office
Many of us think of MS Office Suite as the only option for word processing, spreadsheets and presentations. However, open source software is changing that assumption for a growing number of small business owners. Some are looking for a free alternative to paid software products, and some prefer the idea that code should be […]
Four technology trends that will shape the future of your business
These days, the rate of technological change can be dizzying. Keeping up with the latest trends can be a challenge for anyone, but some of these technologies present new opportunities for business. But which technology trends matter most to your business? And how can you capitalize on them? Read on. 1. Cloud Worldwide, […]
How to Avoid Costly Inventory Problems!
Inventory is the lifeblood of your business. It is the largest asset on your balance sheet and your company’s biggest revenue-generator. It goes without saying that poorly managed inventory can do serious damage to your bottom line. Businesses without clear strategies for streamlining the in and out flow of goods will have trouble […]
5 Ways to Save Money for your Business
The quickest way to improve your profitability is to reduce costs. So if you are looking for simple ways to cut costs, check out these 5 simple ideas below. 1. Reduce staff costs Without a doubt, having someone to help deal with routine tasks can greatly improve productivity. The rub is that hired […]
Differences Between Gross and Net Profit (and Why Neither Matter Unless You Get Paid!)
Wondering if you’re doing everything you can to boost revenue and cut costs? Or if your business is actually more profitable this year than it was last? The best way to answer these questions is with a thorough assessment of profitability. That’s where gross and net profit calculations come in. These are […]
3 Reasons Recurring Revenue is a Good Idea
What is recurring revenue? It’s the revenue you can depend on generating, year after year, with a high degree of certainty. It’s the repeat business or long-term contracts you’ve established with clients who know and trust your business. For example, you might bundle offers into a monthly subscription, or launch a points system […]
