Many people start a business in order to achieve financial freedom, but instead may end up with less freedom and more stress! Many assumptions can be made before going into business which is why the first question you need to ask yourself is what are you hoping to achieve? Financial freedom can mean totally different [...]
Cash flow is the lifeblood of a business, however all businesses no matter how big or small they are encounter cash flow challenges. According to a report by the Australian Small Business Family Enterprise Ombudsman positive cash flow was cited as among the top three stress points for business operators. Another study by Wakefield Research [...]
If you know that you are going to want to sell your business you need to start having that conversation with your business advisor and/or accountant at least 2-4 years before you want to sell. As it takes on average between 6-12 months to actually sell a business, this allows you plenty of time to [...]
Many people dream of owning their own business, but when they do sometimes they find that in fact the business owns them! So how do you gain control over your business so that it serves you rather than enslaves you? If you’re after time freedom in your business as opposed to wanting to continue to [...]
Efficiency is important for all businesses but it is absolutely vital for a small business to be successful. A local hairdressing salon that has a staff of five for example has a much smaller margin of error than a chain of day spas that has a staff of five hundred. As the size of the [...]
Taking ten minutes to do ‘nothing’ may seem like a luxury you can’t afford. But it’s essential when it comes to maintaining one of your greatest assets: your mind. The terms ‘meditation’ and ‘mindfulness’ might seem a bit hocus-pocus, but you’ve got to admit: we could all use some strategies to chill out from time-to-time. [...]
We’ve all heard the stories about how Google HQ have lots of employee perks (from free food to onsite gyms), but it is possible to create perks that both your employees and your bottom line will love. We have talked about some employee perks on our Linkedin page, but here’s a longer list to give [...]
We are pleased to announce that as of today, Frederiks Accountants is under new management. Cor’s family had a specific criteria as to whom they sold the business, ensuring His legacy would be carried on and that Frederiks' staff and clients would continue be at the centre of all decision making. As the new [...]
There are a number of things that you really need to have when you’re running a small business and one of those is a business budget. Although every business is unique a budget is required if you want the business to be a financial success. A budget helps to clarify your goals and set your [...]
It's not just about the tax returns! A good Accountant can be a great asset to a small to medium sized business and is important in all stages of your business life from start up through growing and then selling. Now I’m sure you’re wondering why finding a great accountant is so important, I mean [...]
