Helping small businesses on the Sunshine Coast to fulfill their true potential
By BMN
It’s no surprise that starting a business requires a decent chunk of money, but expenses don’t end once you’re up and running. As a small business owner, you’ll want to create and maintain a reliable budget to keep your finances in check.
https://www.businessnewsdaily.com/8323-small-business-budget.html
This article was suggested by our mentor Bob McGannon
By BMN
Why would a gambler keep playing, even after losing a lot of money? Economists call it the sunk cost fallacy, a phenomenon which drives us to make bad decisions. Don’t throw good money after bad!
http://www.bbc.com/capital/story/20180914-the-trick-to-learning-when-to-cut-your-losses
This article was suggested by our mentor Julien Cahn
By BMN
Dividing Up The Loot: This article shows you how to get peace-of-mind by setting up Piggy Banks to ensure you do not have to rely upon willpower for your business Profit & Salary. It will show you how to calculate the amount to put away into them, on a regular basis, so that you have enough cash available to meet all payment commitments.
https://mailchi.mp/a99b5454a67c/wtips-160419
This article suggested by our mentor Scott W
By BMN
How do you create a budget for your small business? What needs to go into it and how do you figure out what your expenses will be? Find out here.
https://www.businessknowhow.com/money/budget.htm
This article was suggested by our mentor Trevor Payne
By BMN
The start of a new financial year is a good time to set business resolutions. To jump start your planning, CPA Australia has put together the following tips: https://www.intheblack.com/articles/2017/06/26/eofy-resolutions
This article was suggested by our mentor Julie Piper