Category recruit the right people

Small Business Failure – Reason: Management Control

You can pick and choose what you do work-wise everyday, you can not pick and choose what you should know about and make decisions about - this is your business, not your staffs business - act like it.Am I running my business or is it running "itself"?... When I hire people I always hire people who do something better than I, but you have to stay involved.You can see other reasons for small business and personal business, like contractors, freelancer, self-employed, sole-trader and virtual assistants failures in my Health Check Category, if you can add to this list please do so, I would welcome your comments.

Cost Cutting for Small Business – Payment Terms

There are two ways to get better payment terms from your suppliers - make sure you know what the pricing is and negotiate the payment terms last, without warning. Most businesses do not expect small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer-, Professional-, Personal businesses to negotiate payment terms, so you have the element of surprise on your side - and it makes you look more professional.Firstly there is the extended payment term, of 60, 90 and 180 days - see if your supplier will allow any of those terms.

Small Business Failure – Reason: Cash-Flow

Check your cash-flow each time before you make a bigger purchase or hire staff which is not in the plan, you will quiet easily see if you can afford to do it or not.How much reserves does my business have?... On those terms you should get an overdraft, even if you do not need it, so if something unexpected happens you got the cash-flow reserve.The importance of your cash-flow situation can not be overestimated, as long as you can pay your bills you are in business - as the saying goes: Cash Is King!You can see other reasons for small business and personal business, like contractors, freelancer, self-employed, sole-trader and virtual assistants failures in my Health Check Category, if you can add to this list please do so, I would welcome your comments.

Accounting and Accountants for Business Start-Ups and Small Business

Do you want to:Do you just want to collect your receipts and other documents and than hand it over to someone else?Are you happy to fill in a simple online forms and have the double entry done by an bookkeeper or accountant?Or do you want to do the accounting yourself and have the accountant prepare your tax-returns for you?Each of these options is OK, as long as you do not relinquish all your responsibility to the other party when you outsource.... then their are products on the market that can help you, one of them is our AccountsOffice- Lite Edition ( currently still called CashBook), for a full tri-ledger accounting system you can use our AccountsOffice Standard Edition, both of the single user versions are free BTW.For small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer-, Professional-, Personal business, the only way to go is online - I'm sure you think I would say that - but consider this.

Virtual Assistants provide valuable support to your business.

To you it means savings on your HR expenditure, this helps to keep overheads low.A Virtual Assistant can assist you in the area of his/her specialization, such as market research, credit control, public relations, marketing, payment follow-ups, designing, secretarial services, telephone answering and more. This all comes back to my belief that small business does need a services infrastructure delivered over the internet, so that they can concentrate on developing the business, and do not have all their time taken up by admin tasks.

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