“Are monthly internal financial statements obsolete?” What’s this, I thought, am I so far out of touch down here in Hawkes Bay that I’d missed out on some really exciting new development in the world of business and finance?
Tag Archives | business finance
Your business overdraft is secured by your home. You also have a housing loan with the same bank of course – there isn’t any other way to do both.
In short, this post looks at ways save without spending money, the next looks at ways to make money and the third looks at where you should spend your money if you want the business to run sharper.
Once I’d made the decision, having accepted redundancy, that I was no longer going to work for a corporation – any corporation; I had my business name, a domain name and the business registered with the Companies Office – all within days!
It is a difficult economic environment at the moment for new and budding business ventures, although by decreasing expenses and becoming more disciplined, start up business ventures can thrive.
One plus two does not always equal three. In finance, you can do everything right and still lose big. It is not enough to work hard, save and invest. You have to work hard on the right opportunity, be in the right place at the right time. This is The Art of Wealth.
I asked 8 of our article contributors to provide a helpful tip on how to reduce business expenses. The tips are provided below.
Well believe it or not, one strategy for getting your customers to pay on time is actually sitting there in the bible. You just need to know where to look…
With an uncertain economy right now, this book will help many people navigate their finances in a smarter fashion.
The way you think about money can have a huge influence on your ability to create wealth. Poverty mentality is a mindset that people develop over time based on a strong belief that they will never have enough money. This mindset is driven by fear and can cause poor financial decision-making.
I tell biz owners “Numbers is the language of business”, but also that numbers rarely tell the truth. Not because we did bad math, but because we look at pictures when we should be watching movies. Want to know how you’re doing? Grab the popcorn.
Your parents, 3rd grade teacher, college professor and Giant Corporation, Inc. all have you chasing the wrong dream. It’s no wonder most people aren’t excited about where they’re going. My mother thought I was nuts when, after six years, I left the army 29 years ago.
The velocity of the dollar. Macro capitalism has given micro-capitalism a bad name. The purpose of capitalism is to create the velocity of the dollar locally – everyone prospers. Big biz takes that dollar away to “headquarters”. Here’s one way to keep your dollar in your town.
The overwhelming majority of small business advice is from people showing us how Giant Corporation, Inc. managed to free themselves from the drudgery of being small to finally become “great”. It’s time these patronizing forces understood that small business and big business are two entirely different animals.
We’re all supposed to think the rugged individualist is the great American way to do business. I’m a reformed rugged individualist and can tell you that if you want to build a successful business, going it alone is a bad idea. When you go to college you have all kinds of community available to you. When you get an apartment you meet some friends, have a BBQ and build community.
ShopLocally.com aims to change the world, not just make money. My company, The Crankset Group, is focused on the same thing. We’re going to do it together going forward. It’s possible you will benefit directly. We certainly intend for you to.
As business consultants, we are often asked why one business succeeds and another, almost identical, business flounders. Once, feeling rather facetious, I answered: “It’s in the stars!” It was a stupid, throwaway line, of course, not intended as a serious thought. But, like many a jest, it has a kernel of truth… No, we are not talking about astrology. Sure, we can cast you a horoscope that tells you the most promising time to open your business, and lay everything out in terms of the planets, houses, and all the rest.
Just about every business owner I know is a hostage to his or her business. How do we break free? By first becoming a willing prisoner in your business. It sounds nuts. How am I a hostage, and how does becoming a prisoner put me on the road to freedom?