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Economies of Scale: Definition, Benefits and Challenges

Economies of Scale: Definition, Benefits and Challenges

Sep 22, 2024 | Business Start Up Growth, Business Success, Expenses

When it comes to achieving high efficiency and reducing costs in business, the principle of economies of scale is what we need to understand, and then plan for it. This concept applies to all sorts of businesses – be they sole traders, LLCs or not-for-profits....
Vision to Victory: How the Business Model Canvas Drives Success

Vision to Victory: How the Business Model Canvas Drives Success

Oct 29, 2023 | Budgeting, Business planning, Business Start Up Growth, Business Success, Business survival

One of the problems, if not the biggest, that most business owners have when it comes to planning their future, getting more customers, figuring out the costs and making money is not taking into account all the important bits and pieces. That’s where a Business Model...
Five key numbers for pricing for profit

Five key numbers for pricing for profit

Jan 30, 2022 | Business Start Up Growth, Business Success, management accounting, Money

There are Five key numbers for pricing for profit Pricing for profit Wondering how to price your products or services so you can make a profit? You’re not alone. Figuring out the right price is one of the biggest challenges business owners face. That’s why...
BREATHING leads to business success

BREATHING leads to business success

Dec 26, 2021 | Business Start Up Growth, Business Success, management accounting

BREATHING leads to business success.  Do you want to know what it takes to be successful in your business? If so, then I’ve got something for you. In this video, I’m going to outline the ingredients that will help you achieve success in your own business....
How to spot and fix overtrading

How to spot and fix overtrading

Nov 7, 2021 | Business performance, Business planning, Business Start Up Growth, management accounting

Have you ever wondered how to spot and fix overtrading? If so, then this video is for you. Over the next few minutes, I’m going to show you how to spot and fix overtrading in your business. So, let’s get started! Are you looking to grow your business? If...
Video on How to avoid undercapitalization

Video on How to avoid undercapitalization

Sep 26, 2021 | Business planning, Business Start Up Growth, Business survival

How to avoid undercapitalization and what it is, is this weeks video and blog.  It’s when you run out of money, and the company hits a financial brick wall.  This video will cover what it is, why it’s a problem, and how to avoid it. The reason why so many small...
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