How often do you feel like a superhero, taking on the world and tackling everything that comes your way? If you’re a small business owner, chances are it’s more often than not! The demands of running a small business can weigh heavy on our shoulders at times, and as business owners we often try to do everything ourselves. The success of your business depends not just on you, but also… Read more
Franchisees should invest in a reliable bookkeeper to ensure accurate financial records, timely tax filings, and compliance with franchise agreements. A bookkeeper can also provide valuable insights into the financial health of the business and help identify areas for improvement.
As a small business owner, it’s essential to find ways to manage your inventory effectively to reduce costs, optimise warehouse space and ensure customer satisfaction. How you manage your inventory affects your cash flow, your customer relationships, and your relationships with vendors. That’s why it’s vital you use a system and process that works best for your business. Among the many methods of managing your small business inventory is the… Read more
When you start a small business, it’s usually only you behind the whole operation. You wear many hats, from CEO to clean-up crew. As you pour your heart and soul into your business and it begins to grow, the amount of work involved grows with it. Because a small business is so focused on survival, you pay a lot of attention to the bottom line. This makes a lot of… Read more
When I made the move to a Fixed Fee Pricing Model, it was a game changer for my business, in more ways than one. I found it so liberating to ditch the hourly billing mindset and say goodbye to the mental load of being ‘timesheet dependent’. Though I saw a lot of other instant benefits. BENEFITS OF FIXED FEE PRICING MODELS An increase in revenue, better cash flow, higher profit. No more… Read more
When you start a business, you’re typically your only employee and payroll is about as simple as it gets. But as you grow, you hopefully find yourself in the position of needing to take on more employees. Before you know it, what was once a very straightforward task becomes a giant undertaking that’s sucking up most of your time. This is when it makes sense to outsource your payroll. While… Read more
The process of onboarding employees is often lengthy, but it’s important. New hires need to learn your company’s culture, policies, and procedures. You also need to get some critical information from them so that they can legally work for you. The onboarding process is typically long and a little dry. It may include training, equipment distribution, benefits orientation, and security policies, just to name a few. There are many benefits… Read more
Break-even point is such an under-rated and under monitored number. But with the costs of doing business climbing at an incredible rate at the moment, it’s a number all business owners should know…and monitor! If you don’t know what your Break-Even Point is right now, I urge you to review your numbers and work it out, it’s a powerful number to know! What is Break-Even Point? Break-even point is where… Read more