Payment Terms Yours or Theirs?
Click here to watch the Video Blog on You TubeWhat does “on time” mean to you? Payment terms can vary from Cash on Delivery (COD), 7 days, 14 Days, 21 Days, 30 days, 45 Days. There a couple of things to consider when you’re working out what your payment terms should be; Are you completing a high volume of low dollar value one-off jobs?Are you providing project services and invoice at milestones?What…
Continue ReadingWhat is a Debtor and Common Pain Points
Click here to watch the video blog on You TubeA debtor is someone who owes you money for goods or services you have provided. Seems pretty simple, but there are many loopholes that can catch out small business owners. Below we have listed a few considerations; Did the client sign a quote or letter of engagement to confirm they wanted to proceed with the work you provided?Did you complete credit check…
Continue ReadingExamples of Small Business KPIs and How to Develop Yours
The number of KPI’s you monitor should be limited to those that will make the most powerful difference to your business, and these should align with your business plan.
Continue ReadingReconnect With Your Why: An Often Overlooked Business Planning Strategy
Reconnecting with why you started your business will help you refocus on what you wanted to get out of the business, and start planning for future growth. Remember, business exists to sever the needs of the business owner.
Continue ReadingWhat are SMART(ER) Goals?
Setting goals gives you purpose in life and business; goals direct our path towards achieving our hopes and dreams. Without goals we don’t move forward, even if you're happy in your current situation, your goals would be to maintain it at the very least.
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