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Step 1

Have you got the right Business Plan?

There’s no doubt that writing a detailed business plan can take some time—time that could be spent getting a business up and running.

As Mike Tyson famously said, “Everybody has a plan until they get punched in the mouth.” He meant that all plans seem well-thought out until something goes wrong. So, your plan might look great on paper, but it becomes instantly out of date once you start talking to customers and learning what’s really going to work and what isn’t.

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Step 2

How to choose business structure

You can choose from four types of business structures- sole trader, company, trust or partnership. The business structure may affect your tax liabilities, growth and investment opportunities, you need to know both advantages and disadvantages of each structure before you make a decision.

Learn More About 8 Characteristics of successful small businesses...

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Step 3

How to find money to start a business

Most small businesses experience cash flow problems from time to time and urgently need working capital. Many business owners immediately think of the bank or loans when they’re short of money. But there are other resources you can tap before you ask for that expensive overdraft or overdraft extension. The money you need might already be there—locked up in inventory, assets or your debtors’ book...

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Step 4 

How to create good habits in business

If you’re like most small business owners, there are never enough hours in the day to complete every task on your list.
Often you’re faced with prioritizing what you need to do right now – deal with a customer, meet a deadline, attend an event – and the things you know you should do for the ongoing growth of your business.

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Step 5 

How to manage business tax

New business owners have a lot on their plate, and can easily lose track of an approaching tax deadline or financial data needed to submit their return.

Organization is key when preparing for tax time. As is taking advantage of the many tools and resources out there to support new entrepreneurs.

Set yourself up for success by following these four pillars of painless tax prep.

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Watch a video could be easier to understand...   

Check out Wise Talk TV

How to research your business idea 

 

If you are wondering, how can market research help you to start your business, and what are the things that you need do research, then here is your answer given by Sandra Crosby from Crozline Consulting.

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What do you need when purchasing a business?

 

Key elements to being ready to purchase from Stephen Robertson.

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How to Improve your Business Process

 

There are 6 Common Mistakes business owners tend to make, but you can avoid them... 

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Should you lease or buy equipment?

Your options regarding leasing or buying depend upon the nature of your particular business, but there are nevertheless a few guidelines you can follow to help you decide what you should do.

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3 ways to improve cashflow

 

3 simple ways to improve your cashflow by optimising your invoice, if you need an invoice template, download it here.

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Deductible Expenses

If you are planning on starting a small business – are you confident about what you can deduct from your business expenses to arrive at a net profit (or loss)?  

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“We know that running a business can be exhausting, especially for startups, so we are here to help with all kinds of accounting and business related questions. ”

Brad Golchin

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