In the wake of a global shift towards remote work, employers are tasked with the challenge of ensuring that their teams are remaining productive, engaged, and happy. As an employer, here are some strategies that have proven effective in making working from home a...
Profit vs Cash Flow Profit: The Bottom Line Profit is ultimately what’s left over after all the expenses have been accounted for in any business. Here’s how it works: Definition: Profit represents the amount of money left over when you subtract all the costs...
Utilising workers in either another state or country has become more and more popular in recent years. Small businesses are using this increased resource to help build capacity and access skills that they may not have access to in the current local labour market. As...
Negotiate quick payment terms from customers After making a sale, negotiate payment deadlines and terms with your clients. Consider requiring upfront deposits, instalment plans or % discount for early payment Offer multiple ways to pay credit card, laybuy,...
Money saving tips Money is tight at the moment for most small businesses, so what are some strategies to help pick and choose what costs to cut? Unfortunately there is no easy way and each decision will have flow on effects. There will be some ‘low hanging...
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