Tag: Debts

Planning begins now for EOFY.

Starting a business is an immensely complex process. It begins with an idea, and evolves into a long struggle of putting that idea into action. You may need to rent a workspace, hire employees, design products or organise services, and establish a working price model—and that’s all before you even open for business. Once everything […]

Ever wonder why some people get ahead, buy a car, buy a house and go on fantastic holidays while you continually struggle to make ends meet? The secret is to plan for your goals and above all to BUDGET. You’ve probably heard the well known saying “The problem is not that you plan to fail, […]

Aside from managing the pressures of running your own business, young entrepreneurs can be subjected to certain social attitudes and stereotypes that make it even more difficult to be successful and obtain a secure position in the business world. This could be considered the best and easiest moment in history to become an entrepreneur with […]

Customer service vs. chasing payments – it can be tough to get the balance right between keeping a customer happy and getting your bills paid on time. There are few things tougher for an SME than trying to collect overdue invoices from clients while also keeping them on-side. To ensure this process is made as […]

Some of the leading causes of small businesses failures are unrealistic budget, unnecessary costs, overexpansion and ignoring debt payments. Though borrowing makes sense for start-ups, sometimes entrepreneurs are borrowing large amounts of money without sufficient capacity for returning it. Business debt is like a labyrinth, it’s easy to go in and difficult to go out. […]