Make the most of being your own boss
Whether your business is based in a city or in remote countryside, chances are you\'ll occasionally suffer from isolation. The good news is, there are some simple steps you can take to avoid the lonesome blues.
1. Appoint a support team
You just can\'t do everything on your own; you\'ll accomplish a whole lot more with support. We\'re not talking here of employing people necessarily, rather appointing unofficial \'business buddies\'.
Schedule a regular time to converse... more
It's Wednesday morning. You're half-way through the week. As you wake up, you ask yourself, "why am I struggling so much?" Struggling in your business, that is. You are about 2 years into your work. You've made many new connections, you've revised your promotional materials and accomplished some great goals. Yet this internal voice keeps asking, "what am I doing here?" You question whether you should get a job or "stick it out".
How did you reach this point? You didn't see it coming... more
Sharing your home with your work can be challenging during the school holidays. Here are some tips that can take away some stress for work-at-home parents.
One of the biggest reasons you chose to work from home, was to spend more time with your children. But somehow your best client always seems to need something urgently, just at school holiday time. Or perhaps it's just that school holidays come around faster than one expects, last longer, and the loss in income... more
Just when you think things are flowing smoothly in your business, personal or family matters come up. Others are requesting your help and your time more than usual, you're having problems with your mate or family members and you feel burnt out because you've worked so hard to get to this great place in your business. You now find yourself trying to balance work and personal matters to the best of your ability. You "know" that the best of you feels "blocked" and is not coming out since these... more
Currently the media is featuring, very colourful articles on the rotting timber framing of houses and that house are in danger of collapsing. Now, we all know how accurate the media can be. Not only are these stories greatly exaggerating the problem that exist, in some cases they are completely wrong in their conclusions.
I would like firstly to give the history of the problem and what to look for when inspecting your home/office and then follow up with articles... more
If you are thinking of selling your business then following this advice will help you maximize your sale price. And even if you are not thinking of selling yet, it's worth building these aspects into your business right from the start.
1. Be prepared. Most businesses change hands as a result of unplanned events such as changing personal circumstances. You may even be approached to sell.
2. Protect IP and Trademarks.
3. Formalise customer and supply contracts if possible... more
“All I ask for is the chance to prove that money can’t make me happy” - Spike Milligan
And money is like oxygen, we have to have it, and saving is a key part. Saving gives us a sense of achievement , more personal freedom, access to cash in emergencies, may allow us ease our workload, and maybe we can retire sooner . As we get older life insurance and medical insurance become very expensive, we can drop off those costs and if needed use our savings instead. If not needed... more
As a small business manager, “yes” seems to be the pre-loaded response to just about every question. The problem is, you have to say “no” from time to time in order to keep your efforts focused on what make sense for time and money.
Plus, if you want to keep your sanity intact, you’ll need to learn to say no. There are three major categories that you must consider before singing out the most beautiful “yes” anyone has ever heard.
Running a business requires top... more
"business needs a lifting purpose greater than the struggle of materialism" - Herbert Hoover
How long is it since you reviewed the reasons why you went into business? It is probable that you will say that you wanted to be your own boss, that you wanted the freedom to make choices that you never had in your employment, or perhaps you saw an opportunity to earn more money.
How has the experience been so far? Has the business served you in the way that you hoped, or are you... more
Section OB 1 of the Income Tax Act 1994 defines business to include \"any profession, trade, manufacture, or undertaking carried on for pecuniary profit\"
Whether a taxpayer is in the business of investing is dependent on that taxpayer’s fact situation. The leading \"business\" case in New Zealand is Grieve v CIR (1989). In that case the judge set out the factors relevant to the inquiry as to whether a taxpayer is in business:the nature of the taxpayer’s activities, and... more