Finding clients is a major challenge that all businesses face. This is not something you can put off – you need to know where to find new clients. In our case, the mind mapping exercise proved extremely beneficial in helping us to develop a variety of avenues to obtain new clients and we were able… Read more »
Running a small business is challenging enough to forget that as an employer you’re also responsible for the behaviour of your employees in the workplace. One of the most serious problems a small business owner might face is vicarious liability. Here’s a step-by-step guide to help you understand vicarious liability and protect yourself from it. What… Read more »
No-one ever wants go declare bankruptcy – particularly when you are running a small business. So, how does it work exactly?` When a person is in debt, they can be declared bankrupt. There are two ways this can happen: a person can declare themselves bankrupt or a person’s creditors can apply to court to have the… Read more »
We know that in today’s competitive marketplace just offering a great product or service will no longer cut it. For a business to be successful, a fantastic product must also be paired with a fantastic brand to represent it. When you are just starting out as a small business owner, conceptualising, establishing and implementing measures… Read more »
In order to sell your business at your desired price, you need to ensure your business is a well-oiled machine that can work without you. The purpose of this is not to go through every single aspect of selling your business, but to identify some of the major areas that help drive the price up… Read more »
Renting an office is both exciting and stressful. It’s hard to decide which outweighs the other. It’s not easy to set yourself up in a new office, but you’ll be thankful that you did once the process is over. This may make it seem tempting to rush through the process, but doing so can leave… Read more »
One option when starting a business is to purchase an existing business in the form of a franchise. Rather than starting up your own business and brand, you are purchasing an existing franchise. Usually, the franchise will have all of the aspects of the business already established, so when you buy a franchise you are… Read more »
There are number of important considerations that a property investor needs to think about before making a decision to purchase. The following is a list of nine standard elements of the transaction you must consider prior to entering into the contract to purchase a property: 1. Entity What entity or vehicle are you going to… Read more »
When you accept an investor injecting money or expertise into your business, you usually surrender some control of your business in return for the investment. Depending on how your business is structured and the terms of the investment, the investor becomes a co-owner of your now joint business. Even the funds are in the form… Read more »
We all have that drawer jammed full of papers that we promise to look at tomorrow, ‘to-do’ lists, receipts, and chocolate wrappers. I see a lot of businesses with a metaphorical ‘legal drawer’ that’s usually a mess. It’s a common story – business owners jumping into setup mode and getting off and running before they… Read more »
As every business owner will eventually discover, there comes a point when the number of tasks to be completed outweighs the time available to do so. No matter how organised and motivated you are, it is an inescapable fact that you are restricted by the number of workable hours in a day. Spending two hours… Read more »
Picture this. You’re great mates with your landlord for your business space. You catch up for coffee regularly and even enjoy a BBQ with your families every now and then. Great! However, your lease is due to expire in the next few months, and your premises are looking a little bit tired. Your usually lovely landlord… Read more »
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