Business owners are brave. They’ve created a product or service they believe meets a need or solves a problem and then pour their heart and soul into turning that into a successful business.Continue reading
Category Archives: Cashflow management
Let’s talk about cash, baby! 28 ways to manage your everyday money
A couple of weeks ago, I had the pleasure of presenting another workshop at The Lounge presented by Modewest Magazine. And this time we talked about – you name it – CASH! Well actually we talked about cashflows… and budgets… and how to manage our everyday money as business owners. Another excellent day with great participation and engagement by all, especially given the confronting nature of the topic!Continue reading
When it comes to income… diversify, diversify, diversify
Income diversification. I learned the meaning of this term early in my career in financial services. At that time, the definition that was most relevant for me was this one… “A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique contends that a portfolio of different kinds of investments will, on average, yield higher returns and pose a lower risk than any individual investment found within the portfolio.”Continue reading
The “Catch-22s” of starting and running a business
In my consulting practice, I come across business owners at all stages of their business’ life. This week, I realised that starting and running a business is full of Catch-22 scenarios. For those not familiar with the term, a Catch-22 is a requirement that cannot be met until a prerequisite requirement is met, however, the prerequisite cannot be met until the original requirement is met.Continue reading
Infographic: NSW Small Business Success and Failure
All small business owners know that it can be a hard road in the beginning. This week, I thought I would research just how hard it is for small businesses in NSW, statistically speaking. I found some interesting things so I thought it was time to ride the Infographic train and put it in pictures! Continue reading