1 Challenge “My business credit score is very low, so lenders keep refusing to give me credit.” 2 Questions “How can I increase my credit score?” “How can I maintain a high credit score?” 3 Ideas Manage Your Debt Maintain Low Credit Balances Keep Old Credit Accounts If you run a business, at …
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1 Challenge “My country is in recession and my business is suffering.” 2 Questions “How can I manage my business during a recession?” “How can I prevent it from suffering – or worse, going under completely?” 3 Ideas They Managed their Profitability They Managed Their Liquidity They Retained Their Best Customers Between March and October …
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1 Challenge “I want to make better decisions for my company.” 2 Questions “How can I make better decisions?” “How can I minimise bad decisions?” 3 Ideas Consider Multiple Options – But Know Your Limits Take Your Time Use Emotions, Facts and Visualisations Some sources suggest that the average human being makes an eye-popping 35,000 …
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1 Challenge “I think I’m a good manager. But I’m not sure if I’m a good leader” 2 Questions “What is the difference between a manager and a leader?” “What are the most important qualities of a good leader?” 3 Ideas Self-discipline and Self-improvement Communication Accountability “Management is doing things right. Leadership is doing the …
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1 Challenge “My employees are not motivated or engaged.” 2 Questions “How can I boost employee motivation?” “What are the results I can expect from doing so?” 3 Ideas Allow Flexible Work Trust, Don’t Micro-manage Optimise Your Rewards Structure “Happy Employees = Successful Companies” How many times have we seen or heard this? Maybe not …
1 Challenge “My mentor said that I need to do a few things to manage and grow my small business. But she didn’t clarify what these things are. Help!” 2 Questions “What are the key things my small business must do to achieve growth and prevent issues?” “Why should I do these things?” 3 Ideas …
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1 Challenge “I don’t know how to prepare cost estimates for my business services.” 2 Questions “What is the best way to prepare job costing estimates?” “Will it impact my pricing and profitability?” 3 Ideas Monitor Costs Daily Use Software Identify the Scope of Work Setting the right price for your services and offerings is …
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1 Challenge “I am facing a lot of challenges in my startup.” 2 Questions “Which challenge should I focus on?” “Any best practices to address them?” 3 Ideas Build a Great Team from Day 1 Focus on Becoming a Great Salesperson Monitor Key Metrics “Your work is going to fill a large part of your …
Tuesday Tips 1-2-3: 3 Important Lessons for Startup Founders Read More »
1 Challenge “I want to improve my business cash flow.” 2 Questions “How can I track and monitor my cash flow?” “Is it possible to improve cash flow?” 3 Ideas Monitor Cash Flow Increase Cash Flow Maintain a Cash Flow Reserve Cash flow is the net amount of cash and cash equivalents being transferred into …
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1 Challenge “I want to market my business, but I don’t have a big marketing budget.” 2 Questions “How can I grow my business with minimal investment?” “What kind of bootstrap marketing techniques can I implement for my business?” 3 Ideas Build an Email List Build Your Social Media Presence Get to Know Your Customers …
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