10 tips to reduce debtor days for small business owners

Understanding and controlling your debtor days is the key to ensure a steady, reliable cash flow which is crucial for the survival of your business – so taking steps to ensure your customers pay promptly should be a priority. When your clients consistently pay on time, you’ll avoid the dreaded “feast or famine” cycle. You’ll be able to pay your vendors, suppliers, and employees on time – and not least…  Read more

Local Networking – still a good investment

Networking can spark mutually beneficial partnerships, lead to new opportunities, and attract more customers through word of mouth.  Making a few good local business connections can go a long way helping your business grow. Small business owners may believe networking isn’t valuable in the age of social media. On the contrary, it’s still vital for people to get to know your face in the community. And fellow business owners are…  Read more

Getting the work–life balance right

As a small business owner it’s hard to juggle your work and outside responsibilities. It’s important to run your business effectively and still have a life outside the office. You need a good balance between work and play for your health and well-being. Small business owners often fall into the trap of working too hard, ending up exhausted from the constant work demands associated with self-employment. So as we say…  Read more

Paperwork – Are you struggling?

Many small-business operators are struggling with paperwork and are making significant personal sacrifices over and above running their day-to-day business. While it’s easy to put the extra work on the backburner, there are several actions small business owners can take to ensure they aren’t caught out at tax time. By starting early as well as seeking out help from their advisers or using accounting software and good bookkeeping routines, SMEs can save a great deal of personal time and stress further down the track.

New Financial Year – Resolution starts now

Resolution – the quality of being determined or resolute So what are your new financial year resolutions for your business in 2016/17? Are you determined to make a change this year and move forward with confidence and fresh ways of looking at your business? Is it my imagination or does each financial year end seem to come around quicker than the last? Here we are once again at the start of…  Read more

Value Based Pricing Demystified

Value can be defined as the quality (positive or negative) that renders something desirable or valuable Value is a word which cannot be defined easily in an economic situation. It is intangible and often different according to whom you talk. Ask three completely different people about the “value” attached to a $30.00 shirt and you may well get three entirely different responses which could be:- Great! only $30.00 and look…  Read more

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