How do you feel about numbers?
Does the mere contemplation of anything numeric bring you out in a cold sweat and cause your heart to palpitate.
Love ‘em or hate ‘em numbers are an important part of running your business and understanding them is vital to your success and longevity in business. Read More
For a small business owner salary is sometimes the last thing on their mind. They barely pay themselves one salary and yet I want to suggest they should be paying themselves three!
As a small business owner you relate to your business in many different ways. My mission today is to convince you to pay yourself for three of those ways. And, having done that, to show you how to calculate them. Read More
When you start a business it’s your baby. Many people bootstrap it and without the pressure of external accountability to banks or investors it is tempting to run your personal and business finances as if they are one.
Well this is a recipe for disaster at a number of levels.
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What attribute do you think is the most important predictor of success as an entrepreneur?
Is it intellectual ability or courage? Is it imagination or ingenuity? What about flexibility or the ability to think on your feet? Is it skill or determination or resilience or tenacity? Is it purely the luck of draw that determines who survives, who thrives and who dies?
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Last weekend I spent a captivating two days in the recording studio at Studio 301 in Sydney laying down the tracks for my second CD a Christmas Album.
When I say “my” CD that might be a slight exaggeration. It is actually the second CD for me and a little less than sixty other delightful people who perform with Soulfood.
You know the thing is, as far as your accounting needs go, the only difference between running a small business and a medium sized business is the number of transactions you have. You still need to know as much about accounting in a small business. You are bound by pretty much the same laws but you can’t afford and don’t really need to employ a full time specialist to look after each area.
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