Do you know the rules and entitlements during the end-of-year holiday season?
As we head into the summer holiday period, is your business up to speed with your rights and obligations? It can be confusing to employers and employees alike – public holidays worked or taken as annual leave, business shutdowns, annual leave provisions… there are many rules’ employers need to understand. Employees are entitled to annual […]
Our guide to business credit scores
Do you know what your business credit score is, and how it can impact your finances? Your business credit score is a numerical representation of the company’s creditworthiness. In other words, how financially reliable the big credit agencies believe your company to be. In essence your credit score is a measure of your risk to […]
What to look out for when buying a business
Buying an established business is a great way to enter the business world, or to expand your existing business empire. But purchasing a company isn’t something to enter into lightly. Becoming the prospective owner of a new business means doing your homework, researching the business you plan to acquire and working closely with a team […]
Using data analytics to give your business a competitive advantage
Data analytics is rapidly changing the way businesses are operated. By making use of your financial and non- financial data, you can quickly start to gain a deeper insight into your operations, performance and financial management. Data-driven decisions are quickly becoming the norm, for even the smallest business. Data analytics helps you spot the patterns, […]
Stepping back: Do you have an exit strategy for your business?
Owning a business can be brilliant, but you might not want to do it forever. Whether you’re ready to retire, want to cash up, or you just need a break, at some point you will probably want to move on from your business. Even before that time comes, you’ll need a plan for stepping back. […]
Getting your bookkeeping ready for a digital future
Keeping up-to-date records of your business transactions isn’t the most glamorous part of being an entrepreneur, that’s for sure. But having accurate and up-to-date bookkeeping is actually one of the core ways to keep your finances (and your business) under control. Digital bookkeeping is the future of your finance. The digital age has revolutionised the […]
Budgets Are Boring – 5 Ways to Spend Less Without Budgeting
We hear you – making a budget can be so boring. However, they are necessary if you want to get a better handle on your cash flow management while also monitoring and reducing your spending. But if you’re really averse to making a budget, how can you cut down on your spending? Here are five […]
How to understand Your Breakeven Point
Calculating your business’ breakeven point is essential to understanding how much money is required to continue operating a viable business. This can help you make well-informed financial decisions and practical business plans for the future without causing strife. In short, the breakeven point is the income or sales needed to cover all costs. Any earnings […]
Are you looking for business funding? We can help.
Top tips for successfully securing funding for your business The key enabler for success for many startups and small businesses is securing funding. Even with the growing support around the world for investing in entrepreneurs, many businesses still struggle with the preparation required when applying for funding. Here are our top tips: Network – get out […]
How’s the forecast looking for your business?
Whenever we’re going on holiday or have plans for the weekend, we always check the weather forecast so we can plan accordingly. It’s no different in business. The forecast tells us if there’s bad weather (poor cashflow) in store based on the direction we’re heading. Your forecast will tell you: If you have enough sales […]