As December rolls around and the year draws to a close, it’s time for small business owners to reflect, prepare, and set themselves up for success in the new year. The festive season might be busy, but taking the time to tidy up your finances can make a world of difference for your business. Here’s…
When it comes to business budgets, clients often fall into one of two groups. Those who understand the benefits of proactively managing expectations and planning for growth. Or those who run for the hills when we mention preparing a budget. Budgets are a smart, strategic way to plan for the future of your business.…
Want to increase your chances of ultimate business success? The secret lies in being proactive about your debtor management strategy and systems. Here is the Victor Bimrose step-by-step guide to help you get started today:
It is that time of year when we say goodbye to the year that’s just been and begin looking to the future, with anticipation. What will 2021 hold for us? How can we make our businesses thrive? And what do we need to do NOW to help make this happen? To help you get a…
While on the surface, your business banking may look as simple as choosing the right bank, there are many other things that must be considered. Here are the 5 most important aspects your accountant wants you to know about your business banking:
Starting a new business is a very exciting time for any new entrepreneur. However, with 50% of start-ups not surviving their first 5 years, it is imperative that you know the costs before you get started. To ensure you do not miss anything, here are the top 10 hidden costs you need to be aware…
Do you know what the true costs of your employees are? At face value, it looks like their wages are what your business will pay. However, the true cost is a lot more than their hourly or weekly wage. Here are seven simple, but important, things to remember about working out the true cost of…
When we jump into the business world there are so many new terms to learn and it can be difficult to determine what are the key ones to focus on. From BAS to PAYG, to Cashflow to Profit and Loss. How are you meant to know what to focus on when you may not understand…
When the cash flow starts running short in your small business, it can be very stressful scrambling to find money to make ends meet. So how do you rectify this? How do you boost your cash flow and, in turn, ease your stress? The secret lies in your invoicing terms. You see, your payment terms…
It’s almost the end of the financial year and you’ve worked hard. Fingers crossed you’ll get a tax refund and it will be good to have a bit more cash than usual. What will you do with it? Spend it all at once? Or think about how it, and the money you earn each week,…