Business plans and budgets. We are at the time of year when many businesses are starting to think about their business plans and their budgets. There is often some confusion over the distinction between a business plan and a budget: a business plan sets out the objectives of the business and the actions that it […]
Do you know your numbers? In my experience, many small businesses owners have no idea as to how they are performing from day to day, week to week or month to month. Many do not keep, or keep perfunctory, records. They rely upon their bank statements as their guide to how they are doing and […]
Well Nigel Botterill, the successful entrepreneur who built eight million dollar businesses in seven years says that, if you are serious about growing your business, you do. Why is that? Well, Nigel says that there are lots of things to do in a business, but, if you are serious about growing your business, you don’t […]
In an article for Frank Short – Home Based Business’s blog, Roland Milward wrote about the importance of keeping accurate accounting records. He wrote: “With business comes financial responsibility. It is vital that you keep good and well organised financial records. These are both for good business reasons and your legal obligations for taxation. You […]
The first part of a series of articles about financing businesses. Part one discusses the need businesses have for finance and the demands that they make on financial resources.
I am looking forward to writing articles that I hope you will enjoy. Please feel free to leave comments. Best wishes Frank