Do you know what the break-even point is for your business? Your break-even point is the level of income needed to cover your costs.
Read MoreTopics: Business Improvement, Business Planning
A ‘trading name’ refers to an unregistered name that businesses could use before the introduction of the National Business Names Register on 28 May 2012. It is not a registered business name.
Read MoreTopics: Business Improvement
There was a time when cars didn’t have a fuel gauge. That meant you had to understand the size of your fuel tank, remember when you last bought fuel (and how much) and estimate the distance you’ve travelled since filling up.
Read MoreTopics: Business Improvement, Business Planning
Selling your business might be far from your mind right now. Perhaps you just started and/or it’s going fabulously well. Don’t fix something that’s not broken, right?
Read MoreTopics: Business Evaluation, Retirement Planning, Business Planning
As business owners, there is an endless stream of things, people, events and information that can overwhelm even the steadiest of leaders. We win or lose big sales, team members come and go, costs change, competition arises, and bills and payroll must get paid. We get to the end of the year, we look at some numbers and evaluate what kind of year it’s been. Often, we spend so much of our time and energy battling to simply keep up, that we never ask if our business is providing us the life we want.
Read MoreTopics: Business Planning
