If you’ve been chasing unpaid invoices and its looking highly unlikely that you will ever receive payment then perhaps it’s time to consider whether you should write it off as a bad debt. Under normal circumstances, you have to physically record the invoice as a bad debt...
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As a business owner, you’re usually the last to get paid. Simon Sinek's book, Leaders Eat Last is a fantastic book on leadership but paying yourself the “left-overs” isn’t ideal especially given the blood, sweat and tears you pour into your business. So how much shou...
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For most business owners and entrepreneurs, worry is a fact of life. You’ve been there with the 3am wake-up call when you’re sweating over cashflow or how you’re going to handle a poorly performing team member. Worry and stress normally ebbs and flows. But lately it se...
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One of the biggest questions in your mind when you start talking to an accountant is likely to be how much does it cost to do my accounts? And it’s a perfectly reasonable question. Your time is short, your money is precious and you don’t want to waste either talking with...
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The Government’s Small Business Cashflow Loan Scheme (SBCS) is designed to help small businesses with funding to pay their operating expenses. With up to $100,000 of funding per business and much lower interest rates than you’d get from the bank on the surface it seems l...
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If you're feeling the pressure to offer discounts, you're not alone. Maybe your business desperately needs the cash to survive and you feel like there are no other options. Maybe you feel like it’s expected because ‘everyone’ around you has a sale on. Or maybe you are ...
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Managing a remote team is quite different to managing a team in an office, especially if your team is not used to working remotely. With so many small businesses planning on enabling remote working in response to Covid 19, I thought I’d share some of my experiences leading...
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I've been speaking to lots of groups over the past few days and sharing practical tips on how to manage in the incredibly challenging and rapidly evolving situation we find ourselves in.  Difficult as things are, there are always options. Out of adversity comes opportun...
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When a crisis hits, our bodies automatically go into fight, flight or freeze mode. Which is great if you're being chased by a hungry lion but it's not overly helpful right now - even if it is a totally normal and understandable response to our current situation.  As we ...
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