Helping small businesses on the Sunshine Coast to fulfill their true potential
By BMN
Having multiple streams of income from your small business can help boost your profits and cushion against losses during slow seasons. Here are several ways you may be able to add additional income streams to your business.
https://www.businessknowhow.com/money/multiple-income-streams.htm
This article was suggested by our mentor Trevor Payne
By BMN
When Traditional Accounting Fails YOU: Would you like to be confident that your business has made a Profit and a Salary and that you have sufficient cash to pay the Tax man when they come calling? This revised accounting equation will show you how – read more.
https://mailchi.mp/0bc39f73918d/wtips-050419
This article suggested by our mentor Scott W
By BMN
Among the largest contributors to the failure of both small and larger businesses, are either, they fail to make a profit or they incorrectly account for their cash and run out of money to pay their debts and tax liability.
This is particularly acute in small businesses where the owner/operators do not necessarily have much experience in financial matters and find themselves in an unexpected cash flow crisis.
It introduces a simple set of “Piggy Banks” that give you a “set and forget” approach so that when tax and other expenses become due, you have sufficient funds to pay. And, along the way, you have also taken out not only a Wage but a Profit as well. Read more here:
https://mailchi.mp/bfab42d30c39/fam2qc6i05
This article was suggested by our mentor Scott Williams
By BMN
Your business is profitable — you get your bills paid on time and have enough cash to buy the supplies you need. But at the end of the month, you’ve barely got enough left to pay yourself. Here are several things you can do to increase your income.
https://www.businessknowhow.com/money/earnmore.htm
This article was suggested by our mentor Trevor Payne