A Guide to Credit Control for Small Business Owners

Credit control is the process by which businesses extend credit to customers in order to make it easier for them to purchase a good or service. This could be by delaying payment or breaking down the total purchase amount into more manageable instalments. This strategy drives up sales but it’s important to be careful about […]

5 Simple but Effective Marketing Ideas for Small Businesses in 2021

It’s no secret that the world changed drastically in 2020 and whilst some of those changes were temporary, the way we do business has shifted forever. As a result, the way that small businesses market themselves must shift, too. This situation certainly presents its fair share of challenges and yet the move towards contactless fulfilment […]

5 Powerful Growth Strategies for Your Small Business

Every business owner starts out brimming with motivation and enthusiasm, and yet according to the US Bureau of Labor Statistics, 20% of small businesses fail within the first year. Jump ahead to five years and that number rises to a terrifying 70%. These numbers are alarming, but that doesn’t mean you should throw in the […]

4 Effective Ways to Accelerate the Growth of Your Small Business

Growing your small business is incredibly exciting, but it’s often a nerve-wracking experience at the same time. Growth requires you to invest a significant amount of time and money, and it can take a while before you begin to reap the rewards. This article contains powerful tips to accelerate the growth of your small business […]

5 Strategic Money Saving Tips for Startup Businesses

Launching a new business certainly doesn’t come cheap, and every penny really does count during the startup stage. Creating a business budget is one thing; sticking to it is quite another. Running out of money is one of the biggest reasons that startups fail, so we’ve compiled a list of useful money-saving tips to help […]

Creating a New Process – The Seven Steps to Follow for Documenting Your Process

New processes that aren’t yet proven within a company need to be handled with care. Documenting them is the best way to keep track of aspects that work right and those that don’t. Process documentation can help you understand the effectiveness and if your processes require some adjusting. A functional business process should be easily […]

The Five Vital Components That a Good Cash Flow Forecast Must Have

Not sure where you stand and where your business is heading? A cash flow forecast can give you a good idea. Before listing the components of a cash flow forecast, it’s crucial to understand the concept of what this kind of forecast is. Essentially, it’s a vital tool that helps you understand your finances. To […]

How to Avoid Common Money Leaks in Your Small Business

Money leaks in your small business eat away at your profits without you even knowing about it. Even if your business seems to be in great financial health, you should regularly check for leaks to ensure that you’re not unwittingly wasting money. Plugging money leaks can help to reduce your spending and thus boost your […]