As an entrepreneur, you're often told it's not about the money—until there is none. That's when you realise that while money isn't everything, it certainly becomes the only thing when it's missing. This stark reality is something I've come to understand intimately...
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The time has come…put up your Prices!
Every year, without fail, you and I get letters from all sorts of corporate companies we deal with and every year, they all sing from the same hymn sheet: “Blah blah blah your new price increase will be X and you’ll now be paying more than before.” Your bank,...
“You guys are too busy to make money”
"You guys are too busy to make money" This statement took the wind out of my sails when our financial director said it to my partners and I in another business over a decade ago. He was 100% right, we were so busy trying to make our customers and our staff happy, we...
Crafting a Successful Business That Buys You Freedom
As we find ourselves in the month of Freedom, it is only apt that we reflect on what Freedom means for us in our businesses. To start with, a reminder that ActionCOACH's definition of a successful business is: “A Commercial Profitable Enterprise that runs without...
10 Ways to Manage Your Cash Flow and Grow Your Profit
In business, it’s not uncommon to have millions of Rands worth of turnover without generating adequate cash flow to support business growth. It’s a well-known fact that growth in any type of business consumes cash which according to Verne Harnish is the first law of...