Phone: (07) 3297 0242    Mail: Helen.Cowley@sbis.com.au

The Small Business Companion Blog Space

Cash Flow and Your Budget

Having cash flow problems? Not knowing your numbers? Not knowing your profit and loss? There is one solution that can help you gain better control - Budget!    

Okay, so you have just purchased your business or have a small business and you know your sales income but when it comes to bookkeeping or (more importantly) budgeting you skills are lacking? Well I've got good news for you, it isn't really that hard

Budgeting is all about estimating and matching expenses to revenue. If you don't have this, then how are you supposed to know if your business adventures are paying off for you? The revenue you create pays the expenses that you need for your business to run. 

To put it simply:

High Expenses + Low Revenue = Losses - No Profit

Matched Expenses + Matched Revenue = Break Even

Low Expenses + High Revenue = High Profit

Not Knowing your numbers = Not knowing your business

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Time For Change

Changing Habits, Changing Outcomes!

In my years of business coaching I have had numerous amounts of people come to me and say that they need to change the outcomes of their business. They have no idea where to go or what to do next. I ask them what they have done so far to help change the outcome and they usually list things that a typical business would say; marketing more, setting goals, reviewing their budget, looking at what their target market is interested in etc. 

But, what they haven't said is their habits!

So, the first step to changing your outcome is knowing your bad habits. This can be things such as:

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Relationship Marketing

 

    Do You Know What "RELATIONSHIP MARKETING" Is ?    

 Transparent Mega Phone GuyOver the course of my career I have heard of a lot of people start a conversation and get right into their accolades, then immediately start pitching themselves to their customers. What is the customer really getting out of the exchange though?

At SBIS March is all about relationship marketing, not pitching!  When you pitch, you just talk - you don't connect. Where as when you relationship market, you conduct research and take consideration into what you're doing rather than just talking.

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Manage Your Energy and Time

 Let's face it, as business owners we try and do everything; build up our business, eat healthy foods, stay fit, be social with friends and groups, take care of our home and loved ones and being happy and positive on top of it all. 

It can be exhausting, can't it?             

The popular opinion is that treating life and business like a race might not actually be in the best interest of us or our business.

Do you often find yourself saying "Life is a marathon, not a sprint." "I'm in the for the long haul" or "I'll sleep when I'm old"?  

Because let me tell you, I definitely do. 

I have 6 Tipsthat will help you make room for recovery:

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Best Year Yet!

January is the beginning of a New Year, but more importantly the beginning of Your Best Year Yet! January is that time of the year when businesses start to plan their year ahead with reviewing and reflecting on the months that have gone by and planning their goals for the coming ones. However, in order for this to work, you need to do this effectively.

Work Life Balance

To make 2015 your businesses Best Year Yet, you need to understand two things:

  1. Your goals and the balance between the goals of your business/work, and
  2. The many other important areas of your life.

 The ideal state of life balance - perfect balance, if you like - occurs when all different key areas of your life fit harmoniously together. Nothing is out of proportion and no one element is emphasised at the expense of others. If you are going to bring more balance to your life, it will help you to look more closely at what this state is meant to be.

 

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SBIS

Brisbane based Small Business Improvement Services (SBIS) provide small business coaching, small business consulting, small business mentoring and small business training for small business owners in Brisbane, Ipswich, Logan, Gold Coast, Toowoomba and South East Queensland.

Helen Cowley of SBIS offers various programs for building a better business, business networking, business workshops and training, group business coaching, business analysis and small business solutions.

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Contact Us

 Address: Mt Lindesay Hwy Munruben, QLD

  Phone: 07 3297 0242

  Mobile: 0418 769 531

  Email: helen.cowley @ sbis.com.au

  Web: sbis.com.au

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