UNDERSTANDING BALANCE SHEETS AND INCOME STATEMENTS
What do you know about your Balance Sheet and Income (Profit & Loss) Statement? Do you know how to interpret them? Do you know what they mean to your business? Read this brief article to learn more.
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BUSINESS PLANNING
Successful businesses understand the need to plan well to determine potential future outcomes. Businesses that decide not to formulate a carefully researched and compiled business plan are unlikely to achieve the required profitable outcomes. Download this article by clicking the link below to understand more about business planning.
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FUNDING OPTIONS FOR TRUCKS
Are you a truck owner? Do you understand the various financing methods available to you? Would you like to have a brief overview of the financing opportunities that are available?
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TIPS FOR BUSINESS SUCCESS
Here are some bullet points for you to consider to assist in making your business successful. Please click the link below and use the content as part of your business planning experience.
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SUCCESS!!
I know not everyone likes acronyms!! I am not a huge fan myself but in my opinion this one is helpful and plays on the initials of the word SUCCESS.
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WORKING CAPITAL and CASH FLOW – THE DIFFERENCE
Generally, most small businesses do not understand the difference between Working Capital and Cashflow. This article endeavours to explain it in very simple terms and provides a formula for calculating Working Capital requirements. It also discusses the Working Capital Ratio and the Acid Test Ratio which is critically important to ensure a business is viable. Click the below link for a free downl0ad.
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DEBTORS – YOUR MONEY
A friend and colleague of mine – Adrian Stead – operates Accounts Receivable Solutions WA – which specialises in assisting businesses in collecting monies (debtors) that are owed. My experience is that most businesses “do not like” having to ask for payment for products/services rendered. To that end, Adrian can assist by acting as your Financial Controller and collecting outstanding funds for you. Have a look at the article and click the below link for a free download.
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VENTURE CAPITAL EXPLAINED
Are you confused about venture capital? Do you need some and don’t know where to get it? Download this article as it contains some pertinent information on the topic. Down;load by clicking the following link.
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TEN TIPS TO AVOID BUSINESS FAILURE
We all want to be successful in business today! Sadly, that is not a reality for some business owners. Here are some issues (gleaned from the experience of some failed businesses) to avoid becoming a casualty. To get a list of things that you need to implement to ensure you are not one of the casualties click the link below.
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DISASTROUS DISCOUNTING!!
There is always a tendency for SME businesses to discount their prices to gain market share. This is particularly evident when a “new” business commences operations and wishes to compete against an established business. If that is your view then you should read this article. There are better (and more profitable) strategies than “discounting”. See the impact of discounting by clicking the link below.
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SOME FINANCIAL TERMS
Most start-up businesses are somewhat mystified by some of the terminology used by accountants and bankers. Here are some of the more common terms that are used today and which are defined. Please download a copy by clicking the link below.
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INSURANCE AS A FOUNDATION FOR FINANCIAL PLANNING
A colleague of mine – Sam Gray from Chesterfields – has authored an article on the necessity for insurance requirements. I offered to place the article on my website as it contains some very pertinent and practical information regarding the topic. I commend the article to you. Please download a copy by clicking the link below.
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