“The main objective… is to provide compensation for disablement caused by occupational injuries or diseases sustained or contracted by employees, or for death resulting from injuries or diseases…” (Compensation for Occupational Injuries and Diseases Act) Most employers – and particularly smaller businesses and domestic employers – are not able to Read more
“Happy customers are your biggest advocates and can become your most successful sales team.” (Lisa Masiello) Anyone who has started a business has had those meetings. The ones where you trade a dozen emails explaining what you do and how you do it, what your rates are and why you Read more
“Never take your eyes off the cash flow because it’s the lifeblood of business.” (Sir Richard Branson) Managing cash flow is often one of the biggest challenges business owners face and is also the reason for a concerningly large percentage of business failures. Cash flow can be defined as the Read more
“You cannot escape the responsibility of tomorrow by evading it today.” (Abraham Lincoln) A good business credit score is a critical tool in business success as it helps your business unlock, establish and maintain relationships with lenders, suppliers and vendors. It reveals whether an organisation should lend your business money, Read more
“Creativity is great – but not in accounting.” (Charles Scott, Former governor of Kentucky) Being able to track money as it is coming in and going out is essential for small business owners. Not having proper cash flow management and a full understanding of where your money is going makes Read more
“Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.” (Steve Jobs, co-founder of Apple) It is easy in business culture to start believing Read more
“The really expert riders of horses let the horse know immediately who is in control, but then guide the horse with loose reins and seldom use the spurs.” (Sandra Day O’Connor, former Supreme Court Justice) For years you have been working in the industry of your choice and now you Read more
“What gets measured, gets managed.” (Peter Drucker) Financial reports, such as a balance sheet, income statement, cash flow statement, debtors reports and actual spend vs budget reports, provide an understanding of where your business stands financially at a certain point in time. They detail the business’s financial performance over a Read more
“One doesn’t discover new lands without consenting to lose sight, for a very long time, of the shore.” (Andre Gide) All of the largest businesses in the world started small. Apple, Google, and Amazon were all famously founded in garages. Now these giant multi-billion-dollar companies occupy multiple office blocks that Read more
“If you deprive yourself of outsourcing and your competitors do not, you’re putting yourself out of business.” (Lee Kuan Yew, Former Prime Minister of Singapore) Launching a business requires the small business owner to wear many hats. From marketing, to accounting and HR the small business owner needs to learn Read more