Tag Archives: projections

Are you sabotaging your business decisions?

sabotaging-business-decisions

Business is all about decisions. And the speed at which you can make them effectively has a direct impact on the growth and stability of your business. So let me ask you this? Are you sabotaging the big decisions in your business by not having all the relevant information at your fingertips? Read More »

Can your business survive each week?

business-survive-week

Do you know what revenue you need to generate this week to survive? By that I mean to cover all of your business costs and pay yourself? This is vital information you need to know to ensure you're building a profitable business. As a business owner, life can get so busy that unless you have your eye on the ball, costs can escalate. Before you know it you're operating at a loss, totally unaware to the fact! Read More »

Are you past determining your business success based on your bank account balance?

determining-business-success

Some of us start our business with a particular purpose in mind - to solve someone’s problem, realise a brilliant idea or make money from a hobby. The way you begin doesn't determine business performance, but can determine the stage of financial knowledge you are at. There are five stages of business financial knowledge. It doesn't matter whether you've been in business for one, three or five years; you could be in any one of the five stages right now. And it’s up to you how long you stay in each stage. Read More »

Your Financial Plan doesn’t have to be painful

your-financial-plan-doesnt-have-to-be-painful

The mere mention of a financial plan can send business owners into a tailspin. It doesn’t have to be this way, it can be as simplistic or as complicated as you make it. A financial plan will help you determine what revenues you can, will and/or need to achieve based on the expenses you will incur. They can be in ... Read More »