Effective and reliable record keeping is extremely important for small businesses. Maintaining organised records will help you to meet your tax obligations and will be extremely helpful in the event that you get audited. A good record keeping system can also help you to monitor and reflect on your cashflow, and can be a valuable […]
The end of the FBT year is fast approaching and it is a good time to reflect on your FBT plans for 2015-16. Fringe benefits are benefits that you provide to your staff that fall outside the categories of traditional wages and salaries. Examples of common fringe benefits include cars, low interest or interest-free loans […]
Managing your cashflow is crucial to running a successful business. Running out of liquid capital is one of the most common reasons that small businesses fail. Monitoring your cashflow and planning accordingly is important at every stage of the business lifecycle; however, it is especially critical that businesses experiencing rapid growth remain acutely aware of their […]
The new year is always a great opportunity for business owners to take a step back and think about what they can do to improve on previous years. Sometimes, the answers are glaringly obvious but in other instances, you may have to think a little outside the box. Even if you are entirely satisfied with […]
If you understand the nature of your customers’ needs you will be able to market your products and/or services far more effectively. Different types of customer needs require different marketing and advertising strategies. These are the three most basic types of customer needs and how best to target them: 1. Immediate needs These are short-term […]
In order to survive and thrive, entrepreneurs and small business owners need to keep up-to-date with current business trends. You should always be aiming to learn new techniques to improve your business. Here are some lessons that can help small businesses stay relevant and survive: Helping customers find you online One of the most common […]
We often don’t even think about them consciously, but taglines are an important part of a company’s identity. A good tagline should simultaneously tell customers what the essence of your company is evoke strong sense of emotion and be completely consistent with your company identity. A great tagline is also an incredibly cost-effective way for […]
It may seem obvious that business growth can only occur when there is money available for re-investment. However, many businesses do not consider this when budgeting and planning their long term finances. One of the biggest impediments to growth is access to finances that will fuel the investments that are needed to support growth. Therefore, […]
Online reviews are becoming increasingly crucial for businesses and they can make or break a customer’s decision. Obviously the quality of the reviews matter but it is also important to have a reasonable quantity of reviews. Here are some tips to increase your number of online reviews: Follow up sales with an email or phone […]
The way that you and your employees communicate within the company can have a huge impact on your overall performance. In-house communication is not just about how well individuals communicate but also the quality of your communication systems and plan. A well thought out communication plan can prevent disagreements, create trust with customers and suppliers […]
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