It started with an ‘aha!’ moment at your kitchen table or on the commute back from your day job. You have spent countless hours in your free time and the odd hours of your day job strategizing and getting your idea underway. You managed to get a group of like-minded people, not only willing to juggle their day jobs, but also believe in the product as much as you do. You put your own money in, maxed out your credit cards and hustled the hell out of things. You finally made it to the next level; … [Read more...]

One of the biggest mistakes that are made by small business owners is the fact that they do not outsource the tasks that take up their time. It’s something that people don’t often think about, because they want to be in charge of their small business from start to finish and as much as possible. Some business owners can handle the burden of the day to day business activities, of course they can, but some make the empowering decision not to deal with them at all. A business owner who can … [Read more...]

With the right knowledge and under the right circumstances, starting your own construction company could turn out to be quite profitable. After all, there will always be houses, stores, hospitals, and schools that need to be built, which means that there will always be a need for a business like yours. However, before you can even start to think about taking on work, there is research that needs to be done, things that need to be bought and paid for, and laws that need to be met. Here are five … [Read more...]

It’s tempting to think that your business success is all down to you, but this is not true. No one is an island, and even less so when it comes to building a successful company. That’ll depend on many people; some close to you, some distant. Below, we take a look at some of the individuals and organizations who, alongside you, will have a big say in how well your new venture does.   Your Friends and Family   Make no mistake: no matter what the business, no matter how qualified … [Read more...]

Once upon a time, having a mobile phone (or even a car phone) was a surefire sign that you were a city slicker, hotshot business person or just a general mover and shaker in your game. People would look at you strolling down the street with a mobile work phone and think, “damn, that person is so important he needs to be contactable at all times.” It was the latest tech that every business exec wanted.   But fast-forward to the here and now and mobile technology is a necessity. It’s … [Read more...]

Borrowing money is one of those things that’s often necessary, even if you wish it wasn’t. Therefore, you shouldn’t feel bad about borrowing money as long as it’s something that you approach in the right kind of way. Many people land themselves in trouble after borrowing money in an incorrect and misguided kind of way. A little more care and attention can always avert these kinds of problems though, and that’s what you should be aiming for.   There are some things in particular that … [Read more...]

When you're searching online for advice about the finances of small businesses, you’ll see the term cash flow pop up a lot. The biggest killer of new businesses is cash flow problems; if you spend all of your cash before you start bringing in enough revenue to cover your running costs, you’ll fold. That means you need to build up enough cash before you start the company. Part of that will come from investors but you need to show that you’re serious about the business by risking some of your own … [Read more...]

When you’re running a business, you do need to make sure that you keep the people and the various sections of your company connected. It’s crucial that you do this to ensure high levels of efficiency which in turn will guarantee that your company is providing a fast and effective service on the market. But, how do you actually ensure great levels of connection? Well, we’ve got a few possibilities that we think you should consider and incorporate into your business.   Instant And … [Read more...]

It’s a fine line with which many small businesses struggle. How do you keep a tight rein on overheads to ensure that they don’t spiral out of control while also ensuring that you invest enough in your business to maximise productivity and facilitate long term sustainable growth? No entrepreneur wants to compromise their delicate profit margins by recklessly spending, yet the savvy small business person knows that under investing in their business can be every bit as crippling as unchecked … [Read more...]

It’s safe to say that we all want to enjoy a prosperous financial future. No matter what level of wealth you’re aspiring too, you can make it happen. Whether you want to live humbly or abundantly, you can. You just have to make that choice. You have to decide that you are going to enjoy a better financial future. But not only that, you have to know how to make it happen. Committing to it is always the first step, and then you need a plan. You need to know exactly what you’re going to do to make … [Read more...]