Essentials.jpg      Starting and running a small business is a massive commitment.  Unlike big businesses that can hire legions of staff to perform all sorts of roles, small business owners end up doing most jobs.  This section provides insight into some key issues for every small owner to think about.

How to forecast inventory needs 30 June, 2011
Why inventory management? Other than employees, inventory is a company's largest asset. Reducing inventory levels and increasing inventory turns can lead to immediate savings on a company's bottom line.
Understanding risk management 17 June, 2011
Managing business risk means managing the protection of your employees, customers, property, information and the environment. Formal business risk management is a policy or program that works to prevent all types of problems arising from risk and uncertainty.
Operating your franchise 02 June, 2011
Once a franchise is purchased, it doesn't necessarily  mean you can set your new business on auto-pilot. Like most businesses, franchises may take a while to begin generating profit, but at the very least you can keep your head above water during that critical first year by avoiding some common pitfalls.
Signing a franchise agreement: what you need to know 02 June, 2011
Once you understand the basics of franchising and have determined what type of business you want to franchise, the next step is to set up a meeting with a potential franchisor and thoroughly read the franchise agreement before signing it. But before you scribble your name on the dotted line, here are some things you may want to familiarise yourself with.
How to Price Your Store Merchandise 25 May, 2011
It may appear simple, but there's more than meets the eye to effectively pricing your merchandise. Your pricing strategy should result in fair and appropriate prices.
What to know before you franchise a business 26 May, 2011
While starting a franchise can seem like the easy option when it comes to new business ventures, like any business a franchise comes with its own set of challenges.
Are you ready to export 17 May, 2011
As a small business, finding an overseas market for your goods may not be your first priority. After all, wouldn't you want to focus on supplying domestic customers and making sure you can keep close tabs on your business?
How to telework effectively 17 May, 2011
For employee, the prospect of remotely working from home is extremely appealing. The idea of saving on petrol and commute time and setting your own work hours presents obvious benefits to the office worker. For employers, this notion seems like a route to reduced productivity and inefficiencies. Most traditional businesses would prefer not to allow their employees to work elsewhere apart from the office, due to the many distractions that can befall their staff at home.
How to develop an import strategy 13 May, 2011
Developing an import strategy can be a great way to grow your business and cut manufacturing costs, so it's no wonder many small to medium sized enterprises are already creating trade relationships with suppliers overseas.
Taking Your Accounting to the Cloud 11 May, 2011
It's hard to read an article about business technology these days without running into "the cloud." But ask many small business owners what cloud computing really means and the definitions are as fuzzy as cumulus. Even still, more and more small businesses are moving their accounting to the cloud.


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