Monthly Archives: May 2020

Business Structures

The most common business structures are: Sole Trade, Partnership, Proprietary Limited Company, or Trust. There are advantages and disadvantages to each of these structures. To choose your business structure, consider your personal situation, the nature and objectives of your business venture and the costs and risks of operating under each structure. The choice of business […]

Review your Business Performance

REVIEW your business sales, expenses, profit and bank balance-monthly at a minimum. COMPARE the budgeted figures with the actual figures and analyse the variances. MANAGE your business by changing your business plan if it is wrong and implementing strategies to improve your business bottom line. QUESTIONS TO ASK YOURSELF: What value am I to my […]