Negotiating a business deal
The business deals you make or don’t make can drastically change the course of your company, so it is important that you enter negotiations well prepared. Research: Have a well thought out, flexible strategy and plan that you can use to negotiate effectively. Make sure you research thoroughly and have points in your head that…
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Creating a business partnership agreement
A business partnership agreement is a contract between partners in a partnership which sets out the terms and conditions of the relationship between the partners, including: percentages of ownership, distribution of profits and losses and a description of management powers and duties of each partner. Entering into a business partnership can come with conflicts and…
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The need for strategic cash flow management
Are you forecasting your cashflow? Cash flow problems are the reason that 82% of small businesses fail. One of the ways you can prevent your business from being one of them is by using a cash flow forecast. Small business owners are often faced with stressful financial decisions and periods of uncertainty. Having a cash…
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Recovering from a business setback
Bouncing back from setbacks is a key skill for business owners as things don’t always go the way they are planned when unexpected situations arise from time to time. How a business owner deals with setbacks can be the difference between success and failure. To be successful in your career, you need to be able…
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SMART Goals: Making Goals Achievable
Do you ever feel like you’re working hard but not getting anywhere? Maybe you see little improvement in your skills or achievements when you reflect on the last three to five years. Perhaps you struggle to see how you will fulfil your ambitions during the next few years. Many people spend their lives drifting from…
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