How To Cherry-Pick Good Ideas From Big Corporates
We all know about economies of scale for big businesses, and of course, there are major diseconomies too. Otherwise small business would never stand a chance. Anyone that’s worked for a big corporate would have had times when they shook their head in horror at the sheer madness of it all. When it seems that it’s […]
Back To Basics – A Checklist
Does your billing/front office system equal the accounts each month? If not you might have a black hole. Regardless, you won’t know how your business is performing. Do your salaries expenses go up and down like bitcoin? Especially if you have fortnightly salaries. You need to adjust for the number of days accrued (not paid […]
It Will Be The End Of The Year Before You Know It
These years just keep getting faster… Right now you’ve hopefully had a lovely break and thinking that getting stuck in can probably wait a few more days. That’s cool. But that’s exactly the reason why your business year should start now, not 1 July. A fresh sheet of paper and all that, not just picking […]
You Should Have Your Numbers On The First Day Of The Month
If you’re doing all the cool things like continuous billing, accruing and prepaying expenses, twice monthly salaries, something like ReceiptBank for automated accounts payable and employee expenses, etc… you should have numbers for the month on the next working day. Not two weeks later. The days of “waiting for the invoices to come in” are over. You […]
Why You Should Outsource Your Bookkeeping
One of the best ways to waste time and/or money is to do your own bookkeeping in-house. But we all do things like that because we are so busy focusing on client problems that anything that’s not dangerously broken gets ignored. Until it does break, and then we console ourselves that it could be worse for […]
Where Your Sales Come From
There are four ways to grow B2B sales. New Clients from Inbound Marketing A lot of people think that businesses that don’t embrace inbound marketing in this age of social media will be left behind. That’s certainly true in most B2C but I think it’s happening in B2B as well. I see a lot of […]
Think Broadly About Solving Problems
We often put up with sub-optimum solutions. Things we’ve always done a particular way; ways that mostly just waste time and cause us annoying problems. You know, the tedious stuff as well as the big stuff. And that realisation we have when, one day, we sort something out and wonder how we ever put up with […]
How To Set A Growth Target For Your Business
We all know that we need goals, and unless you measure something it won’t improve, but don’t get too stressed out about picking the right growth number. To some degree, you often have to suck it and see. All businesses have to try new things just to keep up, and there’s no associated punishment for […]
It’s Time To Change Your Old MYOB Files To XERO Before 30 June
Give us a shout if you need a hand getting ready to change over to Xero at 30 June. It’s good to start now to make it easy on everyone involved. Photo by rawpixel.com on Unsplash
Our Growth Almost Killed Us
I had a great question put to me the other day. You often hear of companies saying “our growth almost killed us” I know this from personal experience – why does this happen? When businesses grow fast, pressure is put on all aspects of operations. Keeping up service delivery, the wheels fall off some projects, tons […]