It’s amazing how some business owners still feel “guilty” of asking their debtors to pay up overdue invoices. Following up helps as it acts as a reminder to those genuine ones who have forgotten to pay and also to those who have notoriously made it a habit to pay late. If you can’t do it,…
Author: Suresh Rajani
The best time to plant a tree was 20 year ago, the second best time is now (Chinese Proverb)
Yes it would be great if we all were where we wanted to be in our lives, profession, finances, etc. The truth is that most of us aren’t. Just because you aren’t doesn’t mean you can’t be. Take each new day, each new week, each new month and each new year as a fresh start…
The reason is you.
Successful or unsuccessful; we all better take ownership of where our businesses and professional lives are at. Take ownership of the failures and take credit for the successes. It’s your choices or lack of them that have got you where you are.
Provide Great Service…
Everyone has been affected differently during the pandemic but safe to say most businesses out there (like ours) have not been able to provide their usual standard of service for a few months now because of varying reasons. Great service every time is the aim and the quest to get there continues for me and…
Why so busy?
Since I started the business several years ago, there have just been 2 short periods of time when I wasn’t busy. Period 1 when I started the business having resigned from my full time job and Period 2 was when I moved cities and was like starting the business from almost scratch again. Except those…
No one likes it but here we are…
Being mindful is the need of the times we are living in. Tension between stakeholders of businesses is at an all time high but we need to understand that none of us wanted to be in the position of having to put our businesses, lives and plans on a hold but we all may have…
ATO doing their bit to help businesses affected by COVID-19
The ATO have made options available to assist businesses impacted by COVID-19. These include: Deferring by up to four months the payment date of amounts due through the business activity statement (including PAYG instalments), income tax assessments, fringe benefits tax assessments and excise Allow businesses on a quarterly reporting cycle to opt into monthly GST…
6 things to do when you don’t have cash reserves and find business not to be as usual
Would be nice if we all had built cash reserves to deal with the kind of uncertain economic time we are living in at the moment. Truth is most of us haven’t built up the necessary cash reserves. Here are a few things small businesses can do today to help themselves: Ask debtors to pay…
What is your “Z”?
It is very easy for us at end of a day, week, month, year or even our life to wonder – What did I do? Did I make the most of it? Was I suppose to be here at the end of it? An honest answer to the questions can be very unpleasant. So what…
You cant keep the markets down
It’s very easy to get into panic mode with your finances when you hear what is going on around you and the world generally but remember your long term goals and try not to get caught up in the daily headlines. The markets have always overcome whatever challenges that have been thrown at it.