“Apart from the obvious benefits of accounting accuracy and more effective sales analyses, I find that Gary’s Involvement as a mentor has also added a huge personal comfort factor to my decision making and forward planning.”
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Personnel management is not usually very good in the small business environment. Without a doubt, this is one area that small business owners do not pay enough attention to.
At the same time, I must emphasise that it is usually not by intent – it is usually by oversight, or even ignorance of the basics!
THREE [...]
It’s been a few weeks since my last newsletter in this management series. April has been a strange month with all the public holidays – especially here in South Africa. The worst part of it is having these holidays in the middle of a week, as it really disrupts productivity. Most of my staff decided [...]
EMPLOYING THE RIGHT PEOPLE TO MAINTAIN THE RECORDS.
In this instance, I am referring to employing suitably qualified and experienced people to maintain the financial records of the business on a daily basis.
Far too often, I come across someone in the accounts department of a business, who has some form of general office experience but [...]
He was transparent before them
Jesus was transparent because he had nothing to hide. The bible tells us that he was without sin. He had no secret agendas; he didn’t lie to anyone (though clearly, his parables confused many!), nor did he try to defend himself or blame anyone else. From the moment his ministry began [...]
The second most important aspect of your business that you simply have to manage, is your overall trading performance – and by doing it regularly; daily if necessary! Forty years ago, when business was more sedentary; and there was a great deal less competition; and we certainly didn’t have the plethora of products and services [...]
IMPROVE THOSE COLLECTIONS FROM CUSTOMERS.
If you’re making a profit every month yet still battling with cash flow, there’s every likelihood your book debts – the amounts owed to you by your customers on credit – has got out of hand. Now, it’s clear that if your business is growing then it’s likely that your customers’ [...]
THE BEST EXAMPLE OF A CHRISTIAN EMPLOYER
Jesus is without doubt the best example of a Christian employer!
Well, you may say that Jesus wasn’t involved in business – and technically, I suppose that was the case. However, he was most certainly involved in relationships, and remember, business is actually all about people, and relationships with people [...]
In this second part of the series entitled "What do I HAVE to manage?" I address some of the specific ‘must-do’s’ about cash flow management.
SPREAD YOUR FIXED MONTHLY PAYMENTS.
Most small businesses I know pay very little attention to the date they commit to fixed, and regular, monthly payments. As a result, a number of fairly [...]
WHAT DOES THE BIBLE TELL US?
Well, the bible tells us very little – directly – about how to be a good employer of people. There are very few clear specifics – how-to’s – anywhere in scripture. There are exceptions of course, and I will highlight these further on in this Insight, but generally speaking, the [...]
WHAT IS THIS THING CALLED “CASH FLOW”?
Business stands or falls on its cash flow. Let me emphasise this again: – Business stands or falls on its cash flow! As a business owner you have to manage your cash flow!
So what is this thing called “cash flow”? And why is it something that gets so little [...]
“No one is in charge of your happiness but you.”
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