Category Archives: Tips & Advice

Five Steps To Cashflow Heaven for small businesses

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Here are five tips for managing cashflow and keeping on top of finances:

  1. Set cashflow targets
    One way of controlling cashflow is by preparing and maintaining cashflow forecast. It is advised that you update it weekly, to provide an accurate outlook for the next six to twelve months.
  2. Agree clear payment terms
    It is difficult to know when you are paid if you are not aware of the payment terms are. Also, if you do not know when a payment is overdue, it will be difficult to manage your cashflow.
  3. Invoice quickly
    Some factors that influence cashflow are in a business’s own hands, including when to invoice.
  4. Make payments easy for customers
    Try to avoid being paid by cheques as it will result in delays before the money arrives in your bank account. Online payments are a much better option.
  5. Use technology to manage cashflows
    The biggest time-saving accounting method is cloud-based accounting. It also removes the worrying hassle of backing up all the data.

If you would like to get more tips on how to manage cashflows for small businesses, make sure to go through the source website: https://www.theguardian.com/small-business-network/2013/oct/30/cashflow-top-tips-small-business

 

Five Tips To Get Your Invention To The Market

 

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To get an invention in the market, a 21st century inventor needs to be hard headed, committed, business-like and in for the long run.

It can be a long road and, in an increasingly crowded market, it can be tough, but success lies in getting the right advice and guidance along the way.

Here are five practical tips and words of wisdom to get you started:

  1. Before starting, ask yourself: is there anything else out there which does the same thing? Is it new? Is it global?
  2. Don’t be afraid to patent late. If you patent too early, you may find that your invention changes so much in the development phase that you will need to redraft a new patent later on, doubling the cost.
  3. Keep it a secret – make sure everyone you show it to sign a confidentiality agreement. If a company will not sign, you may want to file a patent application first.
  4. Get proper, working samples made up.
  5. Get advice from lots of different people – not just one. You should also write a business plan with a good story. The latter helps to attract investors.

To get more tips on how to get your product to the market, visit the source page: https://www.theguardian.com/small-business-network/2012/nov/13/invention-starting-up-market-advice

5 Things You Can Do To Build An Awesome Personal Brand

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The term branding has long been relegated to companies, but today almost every individual has a personal brand. Not many of us have consciously cultivated these brands, but they exist nonetheless.

The question is no longer IF you have a personal brand, but if you choose to guide and cultivate the brand or to let it be defined on your behalf.

Here are five ways to build an awesome personal brand:

  1. Start thinking of yourself as a brand
    What do you wish for people to associate with you when they think of your name? Once you understand how you wish your brand to be perceived, you can start to be much more strategic about your personal brand.
  2. Audit your online presence
    Google yourself and setup alerts for your name on a regular basis. Cultivating a strong personal brand is just as much about being responsive to what is being said as it is about creating intellectual property.
  3. Secure a personal website
    Having a personal website for yourself is one of the best ways to rank for your name on the search engines. It can consist of two to three pages with your resume, link to your social platforms and a brief bio.
  4. Be purposeful in what you share
    Every tweet you send, every status update you make, every picture you share, contributes to your personal brand.
  5. Find ways to produce values
    Find ways to add value to your audience by creating or curating content that’s in line with your brand.

If you want to find out more ways to create an awesome personal brand, do check out the source website: http://www.forbes.com/sites/shamahyder/2014/08/18/7-things-you-can-do-to-build-an-awesome-personal-brand/#65f5d8831274

How NOT To Pitch Your Business

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It’s fairly easy to come up with an idea based on a perceived consumer need, but what is not so simple obvious is spending time to create the compelling metrics and fact-base around why or how a start-up has a chance of success.

What’s the pitch panacea? Good old fashioned honesty compensates for a lack of evidence and questionable or biased basic research.

Here is a list of principles to abide by to ensure you do not get your pitching game wrong:

  1. Don’t boast
    One should avoid sugar coating assumptions and facts, few as they may be, as the more assumptions used during a pitch, the less investible one becomes as any sensible investor will quickly call the founder’s bluff
  2. Don’t debate
    An individual who admits the flaws in their pitch yet offer solutions, give the investor confidence that whatever the issue, it will be resolved before the check is cut.
  3. Don’t ask for more finance than you need
    Simply: Don’t
  4. Don’t make promises
    One of the most difficult statements to swallow when hearing a pitch is “we will do…” or “we are planning to…” While amateurs pitch on promise, more experienced entrepreneurs (the ones that are more investible) will state the facts with some personal interjection that supports their justifications for obtaining investments.

If you wish to read more elaborately on this topic, make sure you check out this website: http://startups.co.uk/how-not-to-pitch-your-business/

The Power of Visualisation – A five step guide

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Well before Jim Carey became the star he is today, he used to park his car on Muholland Drive every single night where he would visualise becoming the Hollywood Star we know him to be today. In addition, he also wrote himself a $10 million dollar cheque for a movie deal, dating it five years before that very day happened. Jim inevitabley secured that $10 million dollars to star in the now  classic comedy movie Dumb and Dumber.

The power of visualisation has always been talked about in psychology, success stories and self guide books. It has been instrumental in turning dreams to reality for  a number of elite athletes, singers and business CEOs. Scientists have also demonstrated that the brain fails to distinguish between reality and  a visualised image.

1. Utilise all your senses when visualising your dreams.

When visualising your dreams, involve all of your senses: touch,  sound, sight, smell and taste. Involve all the emotions you may feel in that vision,a smile, happiness, victory.

2. Take on board different perspectives.

You have to see yourself achieving these goals, firsfive-senses-icon-set_62147502195tly in your point of view: 1st person, then 2nd and 3rd person. Visualise being an audience member in the crowd and seeing yourself succeeding your dream.

 

3. Start to live your life as you’ve achieved your goal.

 Begin improving all aspects of your life that align with your vision. Begin living exactly like the person you want to be from how you dress, how you speak and most importantly implementing discClaim-Your-Victoryipline that will help you reach that milestone.

4.  Use self talk and self affirmations with your visualisations.

Everyday take a moment to speak t yourself, using only words and sentences you wish others would say about you. In addition, make sure you speak your dreams into reality, this will make you more determined to achieve them.

5. Create a dream collage.

Compile a collage that reflects the person you wan to become, include pictures, quotes and victories you desire to experience. Display the collage somewhere you will be exposed to everyday, this could be your wall, computer desk or fridge.