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Selling Your Business

Wednesday, October 12, 2011

When selling your business you need to be prepared for several things from the outset. Whatever the purpose of sale may be, there are some suitable guidelines to follow that will best prepare you as the seller for the reality of the sale itself. Read More

Paying on Time Pays Off

Wednesday, September 07, 2011

The downfall of many small businesses is debt racked up by not paying bills on time. To avoid becoming a fatality the general rule of thumb is to refrain from making unrealistic or impossible promises. You will find that your customers and vendors will follow suit, creating strong relationships that will keep your business afloat through rough times. Read More

Whittle Down Your Client List

Wednesday, September 07, 2011

Would you keep an employee who wasn't pulling their weight? Clients are the same, and let's face it, some clients are worth the investment of time and energy and others aren't. When a client relationship is difficult and you are constantly frustrated and seeing no returns, it's okay to let that client go. Read More

Handing Over the Family Business

Tuesday, July 12, 2011

According to the Small Business Administration in the USA, only a third of family-run businesses make it to the second generation. Although less comprehensive research is carried out in this part of the world, there is no evidence to suggest the number is materially different.  So what are the strategies to ensuring your business is one of those that survive? The key is succession planning. Read More

Business Travel on a Budget

Tuesday, June 07, 2011

Business travel can quickly become a financial black hole. It’s worthwhile developing a formula for keeping costs as low as practicable without compromising on comfort. The two areas responsible for the majority of cost blowouts: hotels and airfares, can both be minimised with a little effort. Read More

How To Keep The Cash Rolling In

Tuesday, May 10, 2011

Cash flow, as they say, is the lifeblood of any business. It doesn’t matter whether you’re making thousands of cars a year or selling lemonade to neighbours, if you’re stuck waiting for payment from customers then you can’t pay your suppliers for the next batch of products to sell.

Here are 10 tips to help you improve your cash flow. Read More