One of the most competitive industries to be in is professional services. Although knowledge, experience and competence can be differentiating factors, they take a while to build. To add, it is a very personality-centric industry too. While starting out is
For many small businesses, the economic calamity caused by COVID-19 has thrown their budgeting and business strategy for 2020 out the window. Although both federal and state governments are providing financial assistance to small businesses to see them through these
The rapid spread of COVID-19 has thrown the hospitality industry, especially cafes, restaurants and bars, into a storm it most fears. Social distancing, restricted movement orders as well as lock-downs are keeping people home. With food delivery services eating into
Ideas and innovation are the lifelines of every successful business. Without them, a business will be vulnerable to changing consumer taste and preferences as well as competition. There's a tendency for small businesses to take their foot off the pedal
When taking on new business can be detrimental to your business growth, and how to say no when the timing isn’t right.
As entrepreneurs, we know the value of a loyal, enthusiastic team; as the business grows, we support the staff that have helped us, celebrating the success with them. However, not every moment of running a business is smooth sailing, and
So, you’ve got a revolutionary business idea, a flawless marketing strategy, a motivated team and you’re ready to pitch your idea to investors for funding. Not so fast. Before you spruik your idea, you have to ensure your financial forecasts
For entrepreneurs, developing financial forecasts are often the least exciting part of business planning. Many feel that their time is better spent developing and running their business, but financial forecasts are vital. A realistic financial forecast helps you develop a
If you’re a small business owner, it’s crucial that you have a strategy to map out your road to success; otherwise, you’ll find yourself floundering with no clear direction. But how do you create a strategy? Here are five simple tips
Time can often feel like the enemy of small business owners and, as customer experience and in-store theatre takes centre stage for retailers, getting out of the books and into your business is crucial for success. The bricks-and-mortar retail world has