In order to be aware of how well/bad your business is doing, as a business owner you need to be able to understand your financial reports and what they represent. It doesn’t do to just keep trading and hope for the best. One of my former clients was a family run business. The wife handled the office administration while the husband ran the operations. She could never understand why their business always struggling financially. She knew that there was something…
Sometimes I get a little unmotivated and I find it hard to get myself to do some work. Working for myself, there are times when I get so immersed in the day to day work, I find myself losing a bit of direction and motivation. Being responsible for so many things gets a little overwhelming. So here are a few things that help me to get the excitement and drive back:
This is an old post from the old blog site. I felt it important enough to repost here as I will be disabling the old one.
Many small businesses fail because of poor cash flow. Cash flow is the process between your incoming and outgoing cash. For small businesses and start-ups it’s a constant juggling act to ensure that you have enough money coming in to meet your obligations. When outgoing cash is more than the incoming, this is where many businesses start to crumble.
Planning your cash flow is integral to running a business. It allows you to plan how much cash you require in order to operate and grow as well as highlighting times where you may need to tighten the belt a little. Continue reading Cash Flow and the small business
We all have days where nothing seems to go right. Today was one of those for me. After working until 1am this morning, I had overslept and was running late in dropping my son off to my dad’s place and made him miss his doctors appointment. It also started to rain once I got my 4 year old (who has no grasp of what it means to hurry up) in the car and left the house (I was dressed for sunny weather in a dress and Havaianas). On the train on my way to work, I had a brief reprieve and was able to read a book. I thought that was the end of it, but lo and behold, I had gotten off the train and was walking down the stairs when I realised I had left my umbrella in the train just as the doors were closing and the train was pulling out of the platform. Oh, and its also THAT time of the month. Normally it wouldn’t be so bad, but considering that my husband and I have been trying for Bub #2 for close to 6 months, I was definitely not a happy little Vegemite.
Continue reading When it rains, it pours