Time is money, but how much is it worth?
You are valuable, there is no doubt about that. But do you know that value? What is value? This is a simple concept. Your value is the amount in Rands (or other currency) you can earn per hour (week/month etc). The amount is based on what you can expect to earn from a third party, […]
3 Business Tips From My Son
My son (lets call him Bob) at the time of writing is about 10 months old and has taught me various lessons in life. He has already taught some lessons about business too. Here are just 3 business tips that my son has taught me about business: Number one: Focus. If he wants to get […]
3 Reasons you don’t have business records?
What are Business Records? No, not the musical kind that spin around and create great music. Have you got records of your business, or personal, activities? Insert your answer here . Here are te top 3 reasons why people don’t have business records: 1. […]
A 2 step guide to guaranteed increase in profit
Profit, what is it? In order to understand how you can guarantee to increase your profit, you need to know what profit is. For the purposes of this article there will be no tax implications, so profit is the “amount left over” after you have taken all the income and taken the expenses from it. […]
Do you need to submit a company income tax return?
What is a company income tax return, and do I have to submit one? The short answer is yes. There is a misconception that if a company does not have to submit a company income tax return every year. It is a legal requirement for all registered companies to submit a company tax return on […]
Company Tax Returns: what you need to know
To many small business owners, their company tax return is the last item on their to do list but the one that is likely to cause the most anxiety. This may be the feeling to you but it is really unfounded. The Last Item The company tax return is actually the last item in a […]
Do You Speak Financial?
The language of financials Over the years, I have come across loads business owners who run their business and that’s where it ends. They rarely (if ever) glance at their financial statements. Also called financials or reports – it has many names that all mean the same. You know what they are – those things […]
10 tips for better financial management that anyone can do
Many business failures are caused by poor financial management and record keeping. The time frame is normally 3 – 5 years when failure happens. This is definitely avoidable through better financial management. Here are ten ways in which you can survive the tough year ahead through better financial management: Limit your capital expenditure It is very […]
Just one more role to go
All roles in one You own your own business, great! You started in your home and you did everything. Nothing wrong here. You were (and still are) excellent at what you do, so your company grew and continues to grow. One extra person became two, became five etc. These helping hands help you manage to […]
5 ways budgeting can predict the future
I know what you are thinking – I hate numbers and I hate budgeting even more! They are so boring and I often get it wrong. I understand why you say that and so many people think the same way. The truth is that it is vital that you get the budget as accurate as […]