An article I wrote for The Businesswoman Media three years ago still fits the standard these days. There are businesses that are quiet over the holidays like Christmas Holiday season. We should be well aware of our business’ capacities, strengths and weaknesses. If your business also takes a break at least…
One of the toughest decisions a business owner has to make is to set their own pay cheque level. While setting one’s own salary can sound exciting, it is indeed a difficult decision to take. You should draw the line where it is necessary for paying yourself your salary. Paying yourself too less or perhaps…
Balance Sheet seems to confuse a few people and I’m not just talking business owners. I’ve known a few bookkeepers over the years who got stuck on balance sheets. In this article, I’m going to try and cover this in really simple terms. Read Get Discipline and Get It Done. Ok,…
In business it’s important that you know how to read a Profit & Loss Statement, often called a P&L or ‘Income Statement’. Many business owners are not keeping a close eye on their business and from experience I know it’s sometimes because the reports are confusing. Read 35 Quick Financial Tips for Business Owners …
A large number of Australians are living close to the financial crisis. It is gathered from government reports that 4 out of every 10 Australians have one month or less of savings with them to take care of any loss of income. Such a high number of people are as good as the entire population…
The multi-billion ATM scamming industry has also evolved dramatically over the years. ATM scammers now do not need to hack the complicated computer systems of the banks. They have invented a mechanism to tamper with the automated machines, rendering the use of PIN useless for security purposes. Catch some ATM Scammers The police forces…
Starting and running business needs money, but there are ways to lower such a requirement to the bare minimum. The idea is to start small, grow…
In these difficult times, all governments are worried about maximizing tax collections. That is why the Australian Tax Office (ATO) has become very aggressive in surveillance. They are closely tracking instances of siphoning off money to offshore accounts, mostly to countries called Tax Heavens or to places where there is bank secrecy code protecting the…
These are indeed tough times for any business owner, when survival needs all tricks in the back. When it comes to clear pricing, one must reduce all possible costs and keep ahead of the competition technologically and commercially. For any business to grow and prosper, there is one most vital element, and that is the…
Every business owner’s concern is the earning of profit of the business. Whether or not how much the business earns may not be important in the beginning because any amount is fine as long as it is earning. However, for the long run, it is important that the business owner is on top of the…