Tag Archives: business

KEEP YOUR BUSINESS GROWING

Having a successful business means ensuring that it continues to grow. Without growth, your business will eventually run dry and stagnant. But with the added responsibility of maintaining your business and keeping things running smoothly, it can be difficult to … Continue reading

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ACCOUNTING: BEST PRACTICES FOR SMALL BUSINESSES

When it comes to looking after the welfare of a business, accounting tops the list as being the most important. Without proper accounting, a business runs the risk of losing everything. The following are a few best practices that are … Continue reading

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WHAT IS EMPLOYEE ENGAGEMENT?

What makes one company or firm more successful than another? Better products, services, strategies, technologies or, perhaps, a better cost structure? Certainly, all of these contribute to superior performance, but all of them can be copied over time. The one … Continue reading

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SO, YOU WANT TO START A BUSINESS? FIRST CONSIDER THE FOLLOWING FACTORS

Often people say wistfully “I wish I had my own business”. Some of them take it further and decide what kind of product or service they will offer. A last few go as far as putting pen to paper to … Continue reading

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BUDGETS: ARE THEY WORTH THE EFFORT?

A lot of small businesses are managed by the owner, especially in the early years of a business’s existence. As the owner is intimately involved in the day to day operations of the business, it is easy to keep control … Continue reading

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DO YOU USE A MONTHLY FINANCIAL CHECKLIST? IF NOT, YOU MIGHT MISS SOMETHING IMPORTANT

The primary purpose of business is to generate positive cash flow and make a profit, both of which are determined by two factors: money coming into the business and money going out of the business. As long as the money … Continue reading

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HOW TO DETERMINE THE SELLING PRICE WHEN BUYING OR SELLING A SMALL BUSINESS

It is difficult to determine the selling price of a small business as such a valuation is very subjective. If you are buying a small business, you want to pay as little as possible, and if you are the seller, … Continue reading

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SEPARATING BUSINESS AND PERSONAL EXPENSES (PART 2): HOW DO YOU DO IT?

Part 1 in this series of articles discussed the most important reasons why business and private expenses should be kept separate. Just to recap, the two main reasons for separating business and private expenses are the following: If the business … Continue reading

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