The Importance of Cash Flow in Business
One of the most stressful aspects of running a business is managing cash flow. Using an analogy, if a company runs out of cash flow, it will die just like a fire without oxygen. This is why it’s crucial to keep tabs on money and avoid excessively dragging out payments for services. Late payments have […]
DON’T BE AFRAID OF YOUR EMOTIONS IN BUSINESS – USE THEM TO POWER YOU ON!
One of the ways that I control my emotions in business is to redirect them and make them more productive. What do I mean by this? Well, if you’re feeling down about something, normally this would stop you in your tracks. It could lose you half a day, a day or even weeks of productivity […]
SHOULD YOU LEAD WITH THE HEART OR THE HEAD IN BUSINESS?
The head and the heart are two different things, both with very different agendas. Your heart can often influence decisions based on a fluffy, overly-optimistic outlook on everything, oblivious to all the negative stuff that could be going on. Your head, however, isn’t afraid to say it as it is. It doesn’t hesitate to argue […]
MENTAL HEALTH IN BUSINESS: ARE YOU IN CONTROL OF YOUR EMOTIONS AS A BUSINESS OWNER?
For most, trying to control your emotions is near enough Mission Impossible. Once those chemicals start to kick in, you become a different person. Sometimes mental health in business is completely out of your control. What’s more, for most of us, understanding how to control those emotions can trigger a whole new set of emotions […]
DEBT, CASHFLOW AND RESPONDING TO THE UNFORESEEABLE IN BUSINESS
In a previous post, I talked a bit about how debt can creep up on you when you’re not watching out for it. Now, I’m going to get a little more granular about my experiences with debt and how, sometimes, the reasons for your debt are completely out of your hands. Your business is […]
WHY YOU SHOULD GET A BUSINESS ACCOUNTANT AS SOON AS POSSIBLE
I only have 3 words to say to you: Get. An. Accountant. As soon as humanly possible. Business accounting is straightforward at its very foundation: money in – money out = profit. Right? Kind of, but… no. This is why you need an expert business accountant to keep you on the right path. There are […]
HOW BUSINESS DEBT CAN CREEP UP ON YOU… IF YOU’RE NOT PAYING ATTENTION
‘Debt’ is an evil word in the business vocabulary and can kill your business in a heartbeat. Most businesses accumulate debt at some stage. I absolutely have lots of experience in dealing with business debt – so I thought it would be a good idea to write a blog post on it. This ‘experience’ includes […]
NOBODY WILL EVER UNDERSTAND YOU AS A BUSINESS OWNER – DEAL WITH IT!
Business owners, entrepreneurs, CEOs… we all have certain personality traits, and most people won’t ever understand or empathise with us. When it comes to running the business, we’re the evil ones. It’s a hard truth of growing a business: for the most part, your staff, your family and your loved ones just won’t get it. […]
YOU’RE FIRED: KNOWING WHEN IT’S TIME TO RIP THE PLASTER OFF
If you’re going to grow a business, you must be able to hire and fire people – and the timing needs to be absolutely spot on. In this post, I’m busting taboos and talking about firing. Yes, there will be times in your business’ future where you’ll have to pull the plug on someone’s time […]
WHY BUSINESS OWNERS SHOULD FIRE THEMSELVES AS SOON AS POSSIBLE
In this blog post, I’m going to introduce you to the idea of firing yourself. What does this mean? Well, because you’re your own boss, you need to not only be aware of when to fire staff, but also yourself. Still not with me? Read on… When you start out in business, you are everything […]