employee-race

Understand what your competitors are doing

Is it the economy or are some competitors doing quite well? If you’re ever in a situation where your revenue or profits are falling year on year, it’s really important to find out why that’s happening. A common response to the question, “Why is your revenue falling?” is “It’s the economy – it’s really tough…

hospitality

Preaching what you practice

It’s an age-old saying – practise what you preach Fast-forward to today and you could change that to practice it and do it at Internet speed. But it would be dangerous to let action be the only focus. It might seem touchy-feely or even frivolous, but every company has to have core values. The founders…

timing your succession

Time for a change…and quickly!

Ever heard the expression “time is money”? Well, it’s never more true than when it comes to making changes to your business. While change is not something that most people embrace quickly or open-heartedly, if it’s done too cautiously it can flatten revenues, eat profits and lead to business failure. This is particularly true for…

how-to-calculate-job-costing-blog

How to calculate job costing

As business owners, we all work hard to get the most profit from our business. So why would you take a stab in the dark at the true cost of producing a product or service? Using the accounting approach of job costing is a great way to provide transparency to particular jobs or projects in…