Re-framing the ‘failure’ in your business
Ask any successful entrepreneur about their path to greatness and you’ll get the same answer: failure is an inevitable part of the journey. It took Thomas Edison 1,000 failed attempts before he finally invented the light bulb. Tim Ferris received 25 rejections before his bestselling book, “The 4 Hour Workweek” was finally published and sold […]
How much should accounting and bookkeeping cost?
For a new business owner, doing your own finances is not unusual in the beginning. But as your business starts to grow, wherein your financial needs and obligations become more complex, you need to consider hiring an accountant and bookkeeper.
How To Write A Business Plan – Your First Steps
Writing a business plan can be a daunting prospect. Business plans are long and complex documents written by entrepreneurs who have dreams of owning and scaling a business. Most business plans cover every aspect of a company’s operations, from the founding idea, to how the company will continue to operate and how it intends to […]
Business Analyst Job Description: What Exactly Do They Do?
A business analyst studies an organization or industry domain and records its business practices, processes, or organizational structure. Analyzing its relationship with technology, assessing the business models, or incorporating information technology. Business analysts can also work as marketing analysts, quality analysts, or management analysts. Most of the time, business analysts work at the conceptual level […]
The 7 Deadly Sins that Business Owners Make
Running your own business is an amazingly rewarding and gratifying experience, if done correctly. The sad reality is that the small business failure rate is so high because owning and running a business is not done correctly. It’s no surprise that over 50% of businesses fail in the first 3 years, and while the statistic […]
Why did you get into business?
In small business, a vision is a mental image of the long-term future you’re striving for. A clear vision paints a big picture, and it’s underpinned by your goals and purposes. It extends beyond both short-term wins and unexpected problems that may come along the way. Do you have a vision for your business? What […]
How a “Virtual CFO” can help you grow your business
Every business can benefit from dedicated financial management expertise, but very few small businesses have the means to hire someone full time—particularly in the lean early years. Unfortunately, it’s those first few years when a company is just starting up that establishing good habits with managing financial resources is so important, and, over time can […]
How Can Planning Help the Business Become Profitable And Last Forever?
Planning is the first and most important step towards starting or furthering your business. Planning comes before the act of starting a business. It is crucial that you start planning early. There are many tools to help you plan effectively and there are experts who specialize in planning businesses. A lot of money and time […]
How to Turn Your Hobby into a Business
We all have our own hobbies – things we love doing during our down time. We don’t earn from them, but we enjoy them and they help us relax. For many people, a hobby stays as such forever. But what if you could turn that hobby you enjoy into a thriving source of income? What […]
Business Expense: Your Ultimate Guide
Business expense accounting is one of the most important aspects of running a business. In fact, it can be called the foundation stone of any type of enterprise. Broadly speaking, business-expense accounting is simply the cost that your business incurs in order to make sales. By properly classifying these many different costs into different business […]