Many people would agree that running your own business – while rewarding and exciting – can be challenging and complex. Your business might well be a vehicle for your ideas, motivations, and goals, but its success is dependent on sound financial management. Setting...
We mentioned in a previous post that in business you’re always managing and taking risks and that part of managing and minimising these risks is planning. Planning is fundamental part of operating a business, which is why many of the subjects in our Small Business...
A little while ago, we published a post about goal setting, where we suggested that you start setting some short-term business goals that will help deliver your long-term business goals. The majority of people are familiar with long-term goal setting; it’s a...
In a previous post we talked about how important it is to plan and keep taking risks in business. A big part of planning is goal setting; in fact, the two are so intimately linked, it’s impossible to really do one without the other. In our Small Business Management...
We often talk about how important it is for businesses to make plans – marketing plans, financial plans, business plans; they’re all subjects we cover in our Small Business Management and Start-Up Course. The reason we suggest all this planning is that it helps you to...
This is the last post in a series of posts about financial planning for small business, which coincide with a module on planning small business finances from our Small Business Management Course. Here, we’re going to look at the most important part of the financial...
We’re been publishing a series of posts about financial planning for small businesses, which is also a module in our Small Business Management course. We recently looked at the very important aspect of any healthy business: cash flow, which brings us to another way of...
In our series of posts about financial planning, we’ve been talking about each of the crucial ingredients you need to include in your business’s financial plan. We’ve discussed using a financial spreadsheet for sales forecasting; now let’s take a look...
We’ve talked about financial planning in previous posts and in our last post specifically covered sales forecasting. In our Small Business Management Course, you will learn, in much greater detail, how to create a financial plan for your business, but we thought...
We’re publishing a series of posts about financial planning for small business and in our most recent post about ongoing capital purchases and running costs we mentioned creating a financial spreadsheet to track all of your expenses, which we’re going to talk about in...
We’ve published a series of posts on financial planning and now let’s take a look at the ongoing capital costs and ongoing running costs for a small business. We mentioned in a previous post that it’s vital for every small business to create a financial...
The legal aspect of any business, big or small, can be fairly daunting, but we cover this in our Small Business Management course. One part of the legal system of operating a business every business owner should be familiar with is contract law, or legal agreements....
