Category: Starting a Business
- What to Look for When Buying a BusinessPurchasing an established business can be a strategic move, whether entering the business world for the first time or expanding your existing empire. However, buying a business is a significant decision that requires thorough research and careful planning. Before making any commitments, consider these five key questions: 1: Why Is the Business for Sale? Understanding…
- Sharpen Your Numbers – FAQ: I want to go into business for myself, where do I start?Glen asks about how he can get started with a new business. Glenn suggests beginning by seeking advice from professionals like us. Start by consulting with an accountant to understand tax implications and record-keeping requirements specific to your business. It’s crucial to grasp these fundamentals before diving into your entrepreneurial journey. Learn more in this…
- The first cause of poor cashflow – your cash lockupWhen it comes to business, profit and cash flow are not one and the same. While profit reflects the revenue generated from your work or sales, cashflow is the actual money flowing in and out of your bank account. One of the primary culprits of poor cashflow is what we call “cash lockup.” Cash lockup…
- Cashflow freedom – the seven causes of poor cashflowCash is the life blood of any business. In fact, even profitable businesses can and do fail because of poor cashflow. What’s important is that you understand your key drivers of cashflow. Improving cashflow is often all about changing your business’s processes, for example, how you order stock and pay for it, how you bill…
- Business Process Improvement: Ramp Up Accuracy & Efficiency, Through Better ProcessesOver time, even the best business processes become inefficient and outdated. Inflexible legacy systems hamper the introduction of technological innovations. In addition, shifts in consumer preferences, changes in market forces, new regulatory policies, and long-established processes affect efficiency, competitiveness, and even your bottom line. Business Process Improvement is the antidote to this. What is Business…
- Goal Target SettingWhat goals and targets have you set for the year ahead? Ewen explains the importance of setting these each year in this short video to help you get started.
- Hiring Your First Employees: How to Leverage Early Hires to Promote GrowthYour company’s early hires have the potential to shape your business. They can improve operational capacity and efficiency while freeing you to focus on the work that builds value. So, while the hiring process can be difficult and daunting, it is also necessary to grow your business. In this blog post, we’ll answer some frequently…
- Selling Business as a Going ConcernIf you’re considering selling your business make sure you have the right advice to ensure get the tax outcomes right.
- Business StructuresIs your business structure right for your business? Ewen explains why you should review this as things change in your business to ensure your structure is right for where your business is now.