Running a business is like raising children: you never stop thinking about it. It can make you feel proud or keep you up at night. There are always decisions to be made and opportunities not to be missed.
You need to look after yourself if you are going to have fresh ideas and be at your best.
When considering vehicle, plant or equipment purchases one thing is certain – as a Tradie and Business owner you have already approved the purchase in your own mind, you know why you want to buy it, what it will earn or save you and the risks involved.
Business Owners regularly encounter complex problems in running their businesses. These modern operational challenges rarely demand a one dimensional solution. Often these challenges require the Business Owner to engage one of more members of his or her wider professional team in order to resolve the challenges. For that reason, business owners need to coordinate their professional support teams in a collaborative manner.
As you may be aware, the Fair Work Act places heavy responsibilities on employers, especially when it comes to hiring and inducting new staff. If you don’t pay attention to the details, you could find yourself in hot water. In addition to statutory obligations, there are a number or core “best practice” measures that all employers should ensure are followed when employing a new staff member.
Think you know all there is to know about the benefits of GPS fleet management software?
Now that the GPS tracking industry has matured and most businesses have been approached by GPS tracking vendors, many business owners and managers know the core functions of GPS tracking that provide the ROI (return on investment).
But you might not be aware that there’s more to tracking than these core functions.
Cash is often referred to as the lifeblood of an organisation, a key factor that determines business success or failure. In many cases, cash is vital for daily survival; a small business that doesn’t have enough cash on hand to pay suppliers might not be able to open the next day.
Speeding up the conversion of sales into cash, as well as increasing the spread between inflows (receipts) and outflows (payments) will help to build a cash cushion for business sustainability. With this cushion, you can take advantage of cost-efficient opportunities, fund growth, and more.
Here are some quick tips to improve cash flow for your small business.
Last week Steve Hirst and I returned from a 2 week trip visiting clients happy to share their simPRO story with the world. We visited Auckland, Hawera, Palmerston North, Christchurch, Timaru and a few in between. The scenery lived up to expectations, the weather, supposedly freezing, didn’t.
A couple of things I wasn’t expecting...
Firstly, the sheep - they’re so fat! I grew up on a sheep station in Australia. Maybe they just have an extra layer to keep out the cold but the New Zealand sheep looked like something out of a cartoon.
Secondly, the scenery, also out of this world.