Category: Planning and Evaluation
Many small business owners went into business seeking freedom, a better lifestyle or because they wanted to run their own show but don’t understand how to do financial planning. As such, it is only to be expected that small business owners make financial mistakes that can prevent them from enjoying the sustainable and scalable growth essential to becoming their own boss.
Do you want to get ahead in life financially? Do you have your own goals and are working towards them? If you don’t or if you’re not sure if your goals are the best for you, or if you are struggling to reach your goals, it may be time to evaluate some things around yourRead More »
As the economic landscape changes, it’s important to regularly review your business plan to discover whether it still works for your business given the internal and external changes that are bound to have occurred. The start of the year is a great time to review your business’s direction and goals. We’ve put together a listRead More »
1. Early penning of goals, mission, vision and objectives The best CEOs I know often sit very early with a pen and paper and write the fundamental goals and objectives that they expect to get from their business. They’ll go so far as writing a very simple profit and loss, which will act as theRead More »
Just like in building a house, the foundation is a key component of building a strong, long-lasting business and a fundamental element of a business’s foundation is how it will be structured. Unfortunately, what with the stress and excitement of setting up a new business, the business structure is often chosen quickly, without much thoughtRead More »
In business, one of your most important resources are your staff. And in order to get the most out of your team, you need to consider how you motivate them daily. Whilst culture and atmosphere play a very significant role in that motivation, today I will focus on motivation through effective financial remuneration systems. FirstRead More »