“I love this time of year. It’s a time of reflecting back on the year just been and of recognizing the lessons learned but mostly about acknowledging the accomplishments and how far I’ve come.”
Identifying the potential pitfalls of the business, their underlying causes, and their potential impact, is the first step towards managing and controlling such events, and of lessening their impact should they occur.
So where do you start if you’re a small to medium sized business?
Budgeting can be a bit of an art form and is really a best guess, but if based on historical data has a greater chance of being fairly accurate. It’s good to review and revise regularly.
Here are some quick suggestions on where to start when creating a budget or cashflow projection.
Sometimes good enough is good enough. This is a lesson that a business mentor used to try to drum into me until I finally took it on board. You see, I can be a perfectionist by nature. There were times that I would spend ages and ages making a marketing flyer just so because everything hasRead more
Business Headspace Ltd
56 Fowler Street,
Northcote, Auckland 0627