Business owners are a different breed of people! They are always high on intuition and like to do things in the heat of the moment which could be great but also makes you prone to mistakes. Here are 5 common mistakes we have seen repeatedly amongst business owners. 1. Failing to Create a Business Plan …
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Is Business Growth a struggle? Could be your Bookkeeping System or KPI Management
Is your business a victim of the slow economic environment? Are you continuously struggling to make ends meet? We have seen so many businesses come to us a little too late where they do not have enough to cover rent/salaries/super guarantee this month. Mind you, these are not just businesses with low sales but even …
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Starting a New Business
If you are reading this post, you likely have some interest in starting a new business or you have setup a business. Whatever stage you are at, it’s a great read to know what to consider when starting a business. The first step is for you to understand the Minimum Lovable Product (MLP) for your …
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Write a Business Plan
How did you go with mind mapping and customer validation? How many people agreed to pay for your idea/product/service? How many of them were a convincing yes? How many of them were halfhearted yes? Was it difficult? Was it fun? Are you still keen to keep doing this in the long term? Remember that glory …
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Validate your idea
Validating the demand for your product is more important than ANYTHING. More important than features, your team, design, pricing, etc. The theory of lean startup works around this very principle of validating your idea for as little as possible. Without market validation, you will have a product or service that no one is willing to …
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Know the problem your startup is solving
As humans, we tend to keep thinking of new ideas. The most important question is what problem are we solving? There is no point investing your blood, sweat, tear and a whole lot of resources behind an idea which does not solve a problem. Step 1 — Know the problem You want to be able to clearly …
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How to know if my startup idea has potential
So, you have an idea and want to create a legacy and be worth a billionaire? Or are you just chasing a part-time income? Or you want a better work-life balance? Either way, be sure why you want to pursue this idea because you will be investing your and someone else’s hard earned money along …
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Running a small business
A business is generally regarded as small if it has the following characteristics: – Independently owned and operated – It is not a public company – It is closely controlled by the owners who contribute most of the capital – The principal decisions are approved by the owners In general, businesses employing less than 20 …
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Aiming for a stress free lifestyle?
Most business owners we meet work on average 50 hours a week. On top of that, they go home and worry about putting documents together for paying their staff, sending their payslips, putting the invoices together, file business related documents in one place. Even after spending so much time, they might miss on claiming some …
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Business Development
Business Development is an important function of the business. Every business needs business development no matter what phase of life the business is in. For a new business, this is the most important function. This includes adopting a marketing strategy that aligns with your business strategy, vision and mission. Effective strategic management can help businesses …
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