Starting a business is an exciting time. Maybe you’re launching a dream project with a close friend or teaming up with a few like-minded partners to bring an idea to life. But as thrilling as the early stages of running a company can be, it’s essential to think ahead – especially when it comes to […]
Read More… from Why every small business should have a shareholders agreement
Imagine receiving a call from what sounds like your boss, urgently requesting a fund transfer. Or maybe you’re asked to verify your identity using a government ID—except the person on the other end has a near-perfect AI-generated fake of your ID card. Scenarios like these aren’t far-fetched anymore. AI-powered fraud is growing rapidly, and both […]
Read More… from The rise of AI-powered fraud: what you need to know and how to stay safe
Selling a business isn’t just about signing on the dotted line and handing over the keys. For small business owners, it’s more than just a transaction—it’s often the culmination of years of hard work, growth, and dedication. Whether you’re passing the baton to focus on new opportunities or preparing for retirement, negotiating the sale of […]
Read More… from How to successfully negotiate the sale of your business
As a small business owner, you’re likely already wearing many hats. But the hat of a financial analyst might seem a little oversized, particularly if your background isn’t in finance or accounting. However, understanding financial ratios can be a game-changer for your business, helping you assess your business’s financial health and make informed decisions. Financial […]
At some point in the life of your business, you’ll likely need to borrow capital. That’s why it’s important to build and maintain a solid credit score now – so when the time comes to apply for financing you’ll be able to prove to a lender you’re a good risk. Here’s some simple steps you […]
When you’re running a business, every day feels like a balancing act. Emails, meetings, planning strategies—it’s overwhelming. But what if the secret to long-term success wasn’t massive overhauls or inspiring “aha” moments? What if it was small, consistent changes that compound over time? That’s the premise of James Clear’s bestseller Atomic Habits, and it’s a […]
Managing a small business can feel like balancing countless tasks at once. In the midst of it all, one key metric stands out – Gross Profit Margin. But what is Gross Profit Margin, and why does it matter for small business owners? Let’s look at how to calculate it, why it matters, and how you […]
Read More… from What is Gross Profit Margin and what does it tell you?
If you’re a business owner, chances are you’re juggling a lot—keeping your team motivated, negotiating with partners, meeting customers’ needs, and trying to build meaningful connections in an increasingly digital world. It’s easy to feel like you’re on a treadmill going at double speed. But here’s the thing—no matter how much technology changes the way […]
Read More… from Why ‘How to Win Friends & Influence People’ is still a must-read
Taking out a business loan may be your first plan of action for financing business growth. But there are excellent reasons to consider other options for finding capital to expand your business. For one, it can be very difficult for a small business to secure financing, especially in the early days. You’ll need to prove […]
If you’re a small business owner or a startup founder, you’ve probably heard about Cost of Goods Sold (COGS). But what does it really mean, and why is it crucial for your business’s success? Understanding COGS isn’t just about accounting—it’s about making smart decisions for profitability, pricing, and more. This blog walks you through everything […]
When it comes to valuing a business, most people’s first thought is straightforward—profits. While financial success is undoubtedly a critical aspect, it’s far from the only factor determining a business’s true worth. For small business owners and entrepreneurs, understanding the complexities of valuation can offer a clear roadmap for sustainable growth and long-term success. Here […]
Read More… from Business Valuation is more than just profits
Assessing the viability of your new idea is an essential part of market research. While seeking input from friends and family is common, gathering information from the market itself can provide more accurate insights. Here are 4 effective research tactics to collect accurate information about your business idea: Harness the power of the internet Leverage […]
Read More… from Validate your new business idea with market research
In today’s digital age, online reviews can make or break a small business. With the ease of access to social media and review websites, customers can easily voice their opinions and experiences with your business online. As a small business owner, it’s essential to understand the importance of online reviews as they will impact your […]
Succession planning in a family business is a complex and often emotional process that involves more than just passing on company control to the next generation. It requires careful preparation, open communication, and a deep understanding of the emotional dynamics at play. Effectively managing these emotional dynamics is crucial to ensure both family harmony and […]
Read More… from The heart of the matter – succession planning for the family business
For small business owners, figuring out the difference between annual leave and long service leave can feel like trying to crack a secret code. Rules, jargon… seriously, who made this stuff so complicated? Whether you’re trying to keep your business compliant or foster a happy, productive team, this guide will break it all down so you’ll know exactly how […]
Read More… from Understanding Annual Leave and Long Service Leave
In the world of business, one constant factor you are likely to encounter is change, particularly in the financial landscape. One such change that can bear significant implications for small businesses is rising interest rates. Understanding how this impacts your business and identifying solutions to counteract these effects can be key to sustaining and growing […]
Read More… from How rising interest rates impact small businesses and ways to mitigate those effects
Change is inevitable in any business, but it’s rarely easy—especially when it comes to managing morale. Whether you’re restructuring your team, implementing new processes, or pivoting your business strategy, major transitions can leave employees feeling uncertain, disengaged, or even overwhelmed. If you’re a change leader or small business owner, you’re probably asking yourself, “How can […]
Ever wondered how companies price custom projects accurately? The secret can be found in a method called job order costing. For small business owners and entrepreneurs, understanding this process could be the key to increasing your profitability and ensuring that every job is priced just right. Welcome to a world where every material, man-hour, and […]
Read More… from Stop losing money! The job order costing hack every business needs to know
It’s amazing how some books stand the test of time. Stephen Covey’s The 7 Habits of Highly Effective People is one of those. Although it was first published over three decades ago, its lessons are still incredibly relevant for business owners. You might wonder – how do these habits fit into today’s landscape of changing […]
Read More… from Why ‘The 7 Habits of Highly Effective People’ is still a must-read
We are currently witnessing a remarkable transformation driven by artificial intelligence (AI) and automation. While these advancements promise to enhance efficiency and speed, business owners must recognise the enduring importance of soft skills in their teams for long-term success and competitiveness. The World Economic Forum’s Future of Jobs Report highlights the disruption of skills we […]
Read More… from The human advantage: thriving in a tech-driven world