Knowing your financials can mean different things to different people. However, the more you know and understand your finances within your business, it can help you understand your financial position within your business better. At times we think understanding your financials, refer to knowing how much you pay for your phone account each month, […]
Author Archives: Scott
Recently in a Facebook group, I asked the question in a poll format about whether a Business owner thought their Business was, in fact, Resilient, and to what level, including good, average, poor, etc, part of the question was to learn about what Business owners thought was Business resilience and to get Business owners to […]
When we start our business, we think of our risks of being Not having enough clients, or not having sufficient cash flow for the business to operate, causing the business to fail. Often we take out insurance for our business, not based on any actual risk assessment we have completed, however often because it is […]
I thought today, I would look at Business Continuity Planning ( BCP’s), as every business should have a documented plan in place, and one of the main reasons why we document it, is so everyone knows the processes and procedures once something occurs, whether it is a small fire in the kitchen, a flood, a […]
CASH FLOW Cash Flow management is important to any business, especially small to medium-sized businesses. For small to medium businesses, it is often difficult to gain your clients in the first instance; therefore you want to ensure you are earning income from any clients in which you attract. A client, who is not paying for […]
BUDGETING. No matter the size of any Business/Company, cash flow management is an important part of the operations of the business, especially when in the starting phase. One aspect, which assists this, is ensuring you are sending out your invoices as soon as possible after the job/sale is complete and in line with your policies. […]
Hi Everyone. I often see requests for how to Market a service or a product on Social Media or what platforms are best to advertise a business on. Firstly I will say, I offer a Mentoring Service and not a full Marketing service, and I will probably think some of the Marketers, and Website developers […]
No matter what industry you are in, whether it is retail, Hospitality, or any other industry, as the Owner/ Manager of the Business/ Company you are accountable for the actions of your Staff. What your staff do is a reflection on your business, which can also demonstrate the culture of your business- remember the culture […]
Whilst this blog will assist new owners, I believe existing business owners may benefit from the blog, depending on what stage your business is at, remembering SGH Business works with businesses who have been in operation 1-5 years. I want to suggest to business owners that during their business times, they consider becoming a Proactive […]
Over the last couple of weeks, I have noted several business owners talking about developing systems for their Business, often considering methods in which they can implement to save them time in their Business. Believe it or not, systems can be Automated, e.g. using technology, apps, programs etc, or they can actually still be […]