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Are my account keeping practices working?
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09 May, 2012 |
| Good account keeping practices are the cornerstone of a healthy business. However, this if often one of the first areas to be forgotten in the rush to secure and service new business. So what are the signs of an account keeping system not functioning at full capacity? |
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What factors should I consider before extending credit?
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27 April, 2012 |
| Extending credit for the first time can be daunting, particularly if terms such as 'non-payment' or 'credit risk' are used. However, providing credit to customers and suppliers is a good move as it makes it easier for firms and individuals to transact with you. |
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Should I start my own business or a franchise?
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27 April, 2012 |
| Starting a business from scratch and buying a franchise both involve considerable risks, and there are myriad of lifestyle and financial factors to think about with either option. |
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How often should I review my budget?
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15 December, 2011 |
| Your business budget is a critically important tool that will help you to understand how your business in travelling. Therefore, it should be reviewed regularly (the D&B team would suggest monthly) to make sure you are on top of things and don't get hit with any nasty surprises. |
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Do I have sufficient funds to run my own business?
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01 November, 2011 |
| It is common for small business start-ups to begin operating with a limited pool of funds that would only keep them operational for a few weeks or months. This is often not the best approach as it takes time for a new firm to get established, get noticed and start making sales... |
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Am I cut out to work on my own?
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| Starting your own business, being your own boss, setting your own rules - it sounds like an ideal situation doesn't it? For some people running their own small business truly is a dream come true but for others, it can be a lonely and often times miserable experience... |
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