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The importance of business planning

When you are setting out and everything is moving so quickly, it’s easy to deviate from where you intend to be. If you don’t have a business plan, you might compromise growth or miss out on opportunities by sweating the...

Pricing strategies to beat the competition

How you price can have a dramatic effect on your sales, cash flow, and profit margins. Your pricing strategy will determine how customers see your trade business in the marketplace – naturally comparing your prices with your competitors. What you...

Cash flow forecast

Use the cash flow forecast template to compile a document that you can continue to use to measure your business’s health and progress. The template is split into two sections, “Sales” and “Less Payments”. Enter your sales figures into the...

The pros and cons of outsourcing bookkeeping and payroll

Wouldn’t you like to be able to reduce your time spent on administrative tasks so you could focus on increasing profits and running your business efficiently? Now might be the right time to contract out bookkeeping and payroll. The pros...

How to get great advice

There are any number of reasons why you, as a small business owner, might need professional advice. From facing a new phase of development or growth, to specific business challenges such as operating at a loss, it’s important to know...

What to do if your business is operating at a loss

Operating at a loss simply means you’re spending more money than you’re making. And while it’s not uncommon, especially for new businesses, it’s still not an ideal situation and one that shouldn’t be allowed to continue in the long term....

Fixed cost summary calculator

Use the Fixed costs summary calculator to work out monthly business overheads. Download the Fixed costs summary calculator

Ways to identify new markets and customers

If you want to grow your business, you’ll need a strategic plan – which should include how you’ll find new customers and get your products or services into new markets. Here’s what you need to know to identify new customers...