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The number of small businesses going bankrupt jumped almost 50 percent over the last 12 months, and poor cashflow management is being blamed for the alarming figures.
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How do you spur yourself on in your business? Do you set bold goals, targets or forecasting? Or are you simply winging it? By setting annual, monthly and weekly revenue and profit targets you might be surprised by how quickly you can improve your financial mindset.
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2012 has kicked off the same as most New Years’ do – with plenty of talk about setting goals and getting various aspects of your business in order. The trouble most people face is knowing where to start, so Brad Callaughan has put together six easy ways to get the 2012 year off on the right financial foot.
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Now’s the time for SMBs to reflect on the year gone and plan for the one ahead, and accounting expert John Corias suggests owners focus on five key areas when making plans for the next 12 months.
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Smart asset management, and in particular fleet vehicle management, is a critical part of any business’ financial health.
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In just 12 tips, Greg Charlwood of Bibby Financial Services will show you how to improve your business over the festive season so you’ll be ready to succeed in 2012.
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Successful entrepreneurs and business owners know their numbers and rely on their accountant to provide specialist help and leadership in this area.
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The old saying, you have to spend money to make money might be true, but one expert offers some insight into negotiating the best banking deals, so you don’t have to spend as much to get started or keep going.
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Cash is like oxygen for small business owners, and keeping a close eye on cashflow is important—especially during the holiday period when it can be hard to contact your debtors.
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With an eye on their pockets, over 50 percent of local consumers will skip the traditional summer holiday this year and stay at home, while who do travel will cut down on their spend while on holiday.
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