Being a business owner may be rewarding but owning a business comes with the responsibility of making sure that the business complies with various obligations. Below are the 7 things business’ are getting caught out on: Minimum wages. The current minimum wage is $694.90 per week ($18.29 per hour) and paying employees below that either intentionally or unintentionally can…
Don’t try to be the best…
There are people and businesses out there who are claiming to be the best at doing one thing or another and there are also those that are trying to get there but my advice to both the groups is to stop trying to be the best in the world and just try to be the…
Increase your bank balance by not focusing on your costs
CLIENT QUESTION: I want to increase my bank balance (profits). How can I cut down my costs (expenses)? OUR ANSWER: There are lots of people out there who think that the only way we can increase profits in a business or bank balances (if you are an individual) is by cutting down the expenses we…
What is the worst that can happen?
Fear and lack of confidence holds us all back. The fear of what would happen if you do something or lack of confidence in yourself knowing something can be done but not believing in yourself to be able to do it. We all have ideas that we are not sure would work or things that we don’t bring…
What a business is all about
There is way too much noise out there about businesses and their relationships with growth, technology, management, marketing, customer service, social responsibility, tax offices, etc. At times we need to just simply things and below is a simplistic four point view of what a business is all about: A business needs to find customers at…