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Passion and Profit

Crunching The Numbers Passion Is Not Enough…

Passion drives some people to start a business: They love to make or do something so much they want to turn it into a living. But starting a small company based on a passion and managing the dollars and cents needed to make it a success are two different things. “Small-business people we work with…

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Profit

3 Simple Steps to Improve Profitability…

“I want to be big!” This is what ambitious startup entrepreneurs often say when they talk about the goals of their new organization. Of course, the definition of “big” varies considerably. Most first-time entrepreneurs would be thrilled to manage a $100,000 revenue generating company; whereas others define success in multiples of millions. Still, I wonder.…

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Improve Cashflow

Ten Tips to Improve Your Cash Flow

Keeping your small business cash flow positive is one of the most crucial parts of running your company. Here are our ten key tips to help improve your cash flow. 1. Get to grips with cash management You need to understand where you stand before you can start improving things. Examine accounts payable and receivable,…

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cash

10 Things You Need To Know About Cash

Michael Gerber, author of “The E-Myth: Why Most Small Businesses Don’t Work and What To Do About It”, says that 40% of businesses fail in their first year. 80% fail within their first five years. THEY RAN OUT OF CASH. Don’t let this happen to you. Here are 10 Rules to help you take control…

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overspending

Where Is Your Business Overspending?

Q: What are the most unexpected areas of overspending for a small and growing business? A: First, let’s step back and ask ourselves: Why would any expense be unexpected? I mean, as a small-business owner, are you sure you’re getting accurate financial statements every month from your bookkeeper or controller? And do you understand what…

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4 Ways cash

4 Ways To Create More Cash For Your Business…

Your business is valued, and will be valued, by how much cash it creates. Here’s how to give that number a boost. Meeting payroll is a badge of honor among most business owners. You know that you are helping each of your employees, and their families, get by. To do this successfully, you need to…

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Richard Branson

Richard Branson’s Decision Making Rules

Most good chief executives or entrepreneurs only make three or four key decisions every year. Running your business’s day-to-day operations and managing your team can take much of your time, so there are usually only a few that stand out – the game-changing decisions that can make or sometimes break a business, explained Branson. “There…

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Apps

6 Essential Online Apps For Start-ups

Running a start-up is hard work. It’s all on your shoulders to make sure the figures add up, keep employees motivated and maintain happy clients… 1. Google+ Hangouts Google Hangouts might seem like an additional feature to your other Google products – just a chat feature squeezed in amongst the many other features. In fact, it is…

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Richard Branson

Inspiring Life & Business Lessons From Richard Branson

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New year resolution Financially Fit

New Year’s Resolution: 3 Easy Tips to Be Financially Fit in 2014

Here are three simple tips to help keep you financially fit in 2014. No. 1: Open Your Statements Facing your finances begins with opening all of your account statements — bank, credit card, mortgage account. Take a snapshot of your finances so that you may set priorities about what to do next. Here is a…

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