Posts Tagged "business budget"

How To Find Good Staff On A Small Budget

Posted by on Nov 18, 2015 in Blog

How To Find Good Staff On A Small Budget

When you’re in the startup phase of your small business, and especially when you’re verging on the edge of the next step upward, you’ll find yourself doing all the roles. The downside of this is that you can’t do everything because you simply don’t have the time. Secondly, you’re not that great at everything. It doesn’t mean you shouldn’t be in business, however. It’s about being honest with your abilities. Some of us are highly creative and are terrible at bookkeeping – that’s just being human! Having staff on board takes the load off you, allowing you to focus on doing those things you love and are good at, as well as making way for the business to grow. Unfortunately, it is at these times that you can least afford to pay someone to help you out in your business. The issue here is the focus on the dollars. Although it is important that you fall in the ballpark of a reasonable salary for your new staff member, it isn’t always about the money. As this article on Shortpress states, it is at these start-up and early growth stages that are the most exciting and fulfilling to be a part of...

Read More

How To Make Your Business Budget Work For You

Posted by on Nov 13, 2013 in Blog

How To Make Your Business Budget Work For You

One of the less exciting but essential aspects of having a successful business is setting a proper budget and sticking to it. Although this may seem hard to do, there are certain ways you can determine the best budget for your business and make it work for you. When you start setting your budget, the first thing you should make sure is that you have taken into account all aspects of your business. That sounds obvious yet most business overlook something. Each area has to receive proper funding and you should carefully consider the amount. It is essential that you allocate the money properly, because once your business starts functioning, amending the budget will be a hard thing to do. However, once you have set your budget, that doesn’t mean it cannot be improved. Yes, it is hard to spend more money when you have not predicted it, but it may be quite easy to cut on expenses and spend less. In order to achieve this, you should revise your budget at particular periods of times – the more often, the better. For example, a month’s budget is a good thing to start with. Analyse the expenses from the...

Read More