If you’ve started your business and are still not seeing a positive bottom line, it’s understandable to ask how long it should take to become profitable. Sometimes a comparison can help you understand whether your business is headed in the right direction. Your bottom line is the difference between your revenue and expenses. So, if…
Read more
Different businesses require different levels of effort and maintenance in order to be profitable. Week to week, working out how much time it takes to run a business, will depend on a few different factors. Firstly, if your business is mostly product based then time is required to create, package, dispatch and monitor your product…
Read more
Starting a business is a large step on the business journey but it doesn’t have to be full of uncertainty and the uphill battle that comes with starting from scratch. Buying an established business can be a very sensible solution to help push you forward on your business journey. We all have brilliant ideas that…
Read more
This is one of the most commonly asked (and asked and asked) questions – what should I charge for my products and services? There are actually many ways to approach this dilemma, which is why each professional you ask will have a different answer for you. As it deals with money, calculations and research, it…
Read more
When thinking about whether to start any business, the biggest question of all is this one. How dedicated am I to running a business? Note I said running, not starting. Creation is fun and fantastical and full of possibilities. But once the fairy dust settles, you will need to have a solid commitment to continue…
Read more
Once you have an idea of what your business will be, you can start to put together the real costs of starting and operating it. But what about meeting your day to day living expenses while the business grows? When you start a business, you actually need to create 3 budgets: – Start up budget…
Read more
When starting out, things can be slow and getting to know the business skills needed for the different areas of your business is important but starting a business is not the kind of activity you necessarily want to DIY on everything. Yes, it’s only natural for many of us to want to do everything ourselves…
Read more
Starting a business is not just a single, simple activity but the beginning of a long journey. So it’s a great idea to really know that you’re diving in for the right reasons and you’re prepared for the road ahead. Before starting to create anything, it’s important to know what it is you’re trying to…
Read more
Most people who start a business, do so because they want a different life for themselves. But deciding what business to do can be very easy for some, and monumentally hard for others. They say that when you write a book, you should write what you know. The same can be said for business. There’s…
Read more
Many of us secretly dream of something grand but are unsure how to get there or think that big goals and big dreams are for other people. But consider… building a business, or following a desired career path, or doing something grand in the world, is just a formula of planning, effort and time. You…
Read more