There’s no way to start a business without taking financial risks. The idea of going it alone in itself is about the riskiest thing most people could imagine. For one, it means kissing goodbye to regular paychecks. As if that weren’t enough, it also involves piling large sums of money into an as yet unknown entity. This is by no means a sure bet in any way. But, as with any game, there are levels of risk you should and shouldn’t take. Pushing the boundaries is essential if you want to emerge … [Read more...]

Working in the hospitality industry, you already know how busy it can be. You know it’s busy and thriving and nearly every hospitality business has a high turnover. When you claw your way to becoming a general manager, you’ll be very aware that it wasn’t an easy ride, which makes you something special in the industry. You need to have dedication and sound leadership qualities that will translate across into the management role you’ve always dreamed of having. Change is the only real constant … [Read more...]

Many would-be entrepreneurs believe that if they can only offer a great product or service, then their success will be assured. This is not true. The best companies know that their success is only partly based on how useful or desired the thing they offer is. The rest depends on how they deal with their customers. Give your customers an all-around awesome experience from start to finish, and they’ll be back. Give them something to remember for negative reasons, and they won’t. It’s impossible to … [Read more...]

When you’re starting or a running a business, it should be no surprise that it can a profound effect on just about every part of your life. What’s more, certain parts of the life can have a profound effect on the business. This isn’t always for the better, especially where relationships, and especially marriages, are concerned. If things start going rocky, how do you make sure the business is protected? Balance your priorities If you can take any efforts to salvage your relationship, then it … [Read more...]

Communication is one of the central tools which is designed to improve all sorts of relationships, and this is certainly the case with your employees. Your staff members tend to be much happier when they feel like they are free to voice any concerns which they have been having. And creating a business which is packed with employees who are engaged and energised is one of the most valuable tasks which any business owner can embark upon. So, here are some of the best ways of encouraging your … [Read more...]

It is often suggested that the management of your personal finances is simple. In theory, this may be true; grasping the core concepts of personal finance is not particularly challenging, and there are plenty of tools and apps available that can help to simplify the process. However, there is one component of managing your personal finances that is often overlooked: how time-consuming it can be. Personal finance may be simple to grasp, but the sheer amount of time the process takes can be too … [Read more...]

Your spouse is the person that you trust most in the world; the person you have chosen to share the journey of life with. If you are searching for a business partner, then it seems only natural to consider your husband or wife as your perfect entrepreneurial partner. After all, you’re already on the same page in so many areas, you know you get on, and your futures are linked together - who could possibly be a better choice? In many ways, the decision to go into business with your spouse is a … [Read more...]

If there’s one thing that every single company out there should know, it’s that the key to a happy business, is the happy customers that follow it. So make no mistake, although we have said happy customers, we don’t mean the minority, we mean the majority. The sooner you start trying to teach every single of them as though they’re individuals, and catering to their needs as you would an individual, the sooner you’re going to get them right where you want them to be. Because everything you’re not … [Read more...]

One of the biggest issues that companies can face when it comes to their business is the cash flow and financial aspect. It may sound like this is a fundamental part of it, but unless you as the business owner have an accounting background, you are more likely to focus on aspects of the business that you feel you can make the most difference. Perhaps the sales side of things or marketing. However, it is no excuse not to have a grip on the finances, so I wanted to share with you some of the ways … [Read more...]

Financial independence is something that all smart people aim for, but something very few achieve. People who don’t know what this is may think that they can save money and get to a place where they are happy with their finances, but unfortunately, this is rarely the case. The thing with saving money is that it’s going to depreciate as the years go by - it loses value, and therefore the money you thought was substantial 10 years ago will no longer be as much as you need. Financial … [Read more...]