SimplyBiz Admin
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Articles
Recent activity by SimplyBiz Admin-
Effective debt collection
Customers who settle their bills timeously are every small business owner’s dream. However, there are some instances when customers take longer to pay than agreed upon, leaving small business own...
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Opening a Bank Account
Choosing a bank account seems such a simple thing to do – but, as with most things, it is necessary to think carefully about your business needs and what type of account/s will best serve you a...
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Creating a financial buffer
Creating a financial buffer for your business (and your life) Donna McCullum, who runs the successful Money Magic online programme, says that saving is the ultimate commitment – to yourself, your...
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How do I find a reputable accountant
Spend the necessary time to find an accountant or bookkeeper who is right for your business. Consider factors such as price, capacity, personality, industry expertise and location. Your accountan...
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Building a credit rating
Good cash flow and a good credit record don’t always go hand in hand. Some business owners may have good cash flow but falter when it comes to paying their accounts, whereas other business owne...
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Business plans & financials
Even as a small business, there are a variety of documents you need to create and keep. One of the first documents you might create for your small business is a business plan. Even if you haven’t...
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Effective management
The financial aspect of your small business is the most crucial element that will determine the success of your business. When it comes to managing your business finances, are you aware of the ex...
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The pro's and cons of small business insurance
The basic premise of insurance is that it provides protection in the event that something goes wrong. In the small business context, that ‘something’ can be a natural disaster, a fire, a robbery...
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Cash flow problems
Cash flow represents healthy incomings and outgoings of cash that will have a positive reflection on the operations within your business. Mismanagement of operations in your business will hinder ...
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Reinvesting in your business
It makes sense in many respects to reinvest any free cash in your business. Building a cash buffer for lean times is always a good strategy, but your reinvestment does not have to be limited only...