How Much Cash Does My Business Need?
Your business needs cash. Cash is what keeps your company in operation and enables it to grow, so you should know how much cash your business needs to survive. Although many people think the answer is linked solely to operating expenses, this isn’t the case. There is no single factor that determines how much cash […]
Oh what a tangled web we weave
“Oh what a tangled web we weave, when first we practice to deceive” (Sir Walter Scott: Marmion – A tale of Flodden Field) Marketwatch does not normally resort to quoting poetry, but there is almost something poetic about the tale he is about to tell. And this month we are returning to China for a […]
4 Ways Small Start-ups Can Take On Established Competitors
Starting a business means you’ll be in competition with other companies that already exist. It’s actually a good thing if you have competition to go up against. Competition pushes you to be innovative. It also means there’s an established market for your goods or services. The key to benefitting from competition is knowing how to […]
5 Funding Options for Start-ups
Starting your own business requires enough capital to ensure you can pay your bills until your company turns a profit. Depending on the type and size of your business, you may need thousands of dollars monthly to cover overhead. If you’re wondering where to find business start-up funding, there are a variety of options available […]
4 Money Saving Tips for Business Owners
Running a successful business requires you to make smart decisions about everything from who you hire to how you spend your money. There are many legitimate expenses to cover, but it’s easy to overspend in areas that aren’t helping you or your business. Spending wisely is key to owning a sustainable business. Here are four […]
What is happening in China?
What is happening in China? Its been a depressing month or so and it was not just the weather. There has been a pre-occupation with COVID outbreaks in New South Wales and Victoria, and the shambolic withdrawal of the US military in Afghanistan which caught their allies by surprise So while we were watching all […]
Succession Planning: A will for your business
The unfortunate reality is most business owners don’t take proper holidays. Usually this is because their business relies on them and they don’t have the support to keep the business running without them. As a business owner, have you ever considered what would happen to the business if you had to take a six months […]
Why Smart Business Owners Never Stop Marketing
One classic mistake business owners make when money gets tight is to stop marketing or cut their marketing budget. At first glance, it seems logical to cut down your expenses during tough economic conditions. However, in reality, it’s the opposite of what you should do. When your business is struggling, cutting your marketing budget will […]
The home and the castle
Have you noticed how we are becoming fixated by the idea of other peoples’ wealth? Or rather, how the media is driving us to towards the hobby of watching the wealth and riches of the few. But its not so few. Now we have reporting of suburbs where everyone is a millionaire. Oh, how we […]
How to Build an Effective Financial Plan for Your Business
Every business needs a financial plan. Your financial plan gives you a way to monitor and review your cash flow, make adjustments to your spending, and anticipate any upcoming financial issues. It can also make you more prepared to request funding or find investors so you can bring more money into your business. Although many […]