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Most small business owners dislike the thought of calling customers and demanding payment, especially when you’re trying to build sales. It’s a balance of needing to be paid, and not
It makes sense to be aware of and track your main financial indicators. The more you observe what the numbers are doing, the faster you’ll see what’s working and what
Cash coming into your business and the actual profit you make are two very different things, and almost always never total up as identical amounts. The difference? Cash flow is
Many successful entrepreneurs are constantly thinking of how to scale their business for growth. Whether you’re developing new products or services, taking on larger orders or moving into the export
There are a number of risks that you’ll face in business – from employee theft to a competitor using your intellectual property. It’s your responsibility to safeguard your business from
There can be several factors you need to take into account when you’re planning for the future, and it’s increasingly easier to use data to make better decisions about everything
With many businesses increasingly having employees choose to work from home, a remote workforce may become the new normal. There are several things you can do to make it easier,
One of the best ways to get more cash coming into your business is to increase your prices. It widens your margins and frees up cash you might need for
Watching your business grow is exciting. But to meet the demands of increased growth, it’s likely at some time you’ll need to increase your production capacity. It might mean that
1: Understand who your customers are and what they want The first step is to identify your ideal customer and their buying triggers. Conduct market research (surveys, focus groups and
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