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Bookbird Blog

Four Ways to Expand your Business Network for Better Growth

[fa icon='calendar'] Jul 9, 2018 3:40:32 PM / by Jaya Brook posted in business tips

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Your business network is comprised of every business, entity, or individual that somehow helps your company to accomplish its goals. The profitability of your business model depends on this complex network. And as such, it is typically comprised of customers, suppliers, distributors, third-party developers, and every other outsider who’s already directly involved in your business in any significant manner. The larger this network gets, the more potential there is for your company to actually grow as planned or even beyond current growth estimates. Turn this potential into reality via the following tactics:

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Does your business have an exit strategy?

[fa icon='calendar'] Apr 3, 2018 12:00:00 AM / by Edwina Fairley posted in business tips

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It might seem a bit morbid or sad to think about it now, but one day you’ll be leaving your business. It could be because of a sad reason, but it could also be exciting – you’ll be moving on to something new or retiring to enjoy world travel or time with the family.

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How to train your customers to pay on time

[fa icon='calendar'] Mar 27, 2018 12:00:00 AM / by Edwina Fairley posted in business tips

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One of the biggest problems our clients face is getting clients to pay their invoices on time. If you don’t get the money you’re owed when you need it, you can face serious cash flow issues.

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Four tips for an awesome invoicing process

[fa icon='calendar'] Mar 20, 2018 12:00:00 AM / by Edwina Fairley posted in business tips

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We all know that the sooner we send out our invoices, the sooner we get paid. However, actually remembering to do it is an entirely different thing.

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How credit control mistakes could harm your business

[fa icon='calendar'] Mar 6, 2018 9:26:40 AM / by Edwina Fairley posted in business tips

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An important factor that can sink a small business is not being able to get the money you’re owed. You send out invoices and hope for the best, but if clients take too long to pay or ignore you, then you don’t have the cash in the bank when you actually need it.

A credit control process is a way for you to ensure you get paid on time every month. If you’re sending 20+ invoices a month – or you’re regularly getting paid late – you should consider creating a simple policy.

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5 Ways you can save your business some extra money in 2018

[fa icon='calendar'] Feb 28, 2018 11:33:29 AM / by Edwina Fairley posted in business tips

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Creating a lean business in 2018 will have myriad benefits – you’ll have more money available to help you grow, and you may be able to draw out more to enjoy in your personal life. By lowering your expenses and saving money, you help to insulate yourself against fluctuations in the market. It’s a win-win.

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5 ways you can improve cash flow in your business right now

[fa icon='calendar'] Feb 28, 2018 11:33:07 AM / by Edwina Fairley posted in business tips

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If you asked me what the single most important factor differentiating a successful business from one that’s struggling, I’d shout, “cashflow!” Having positive cash flow enables your business to meet its obligations every month, while still having the funds available to grow and take advantage of opportunities.

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The 3 biggest business growth killers no-one is talking about

[fa icon='calendar'] Feb 28, 2018 11:32:04 AM / by Edwina Fairley posted in business tips

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The goal of any small business owner or entrepreneur is to create a profitable business. One of the best ways to do this is through growth – by scaling the business up, you’ll be able to bring your ideas, products, or services to more people, all while increasing your profits.

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Implementing a new admin process in your small business: our top tips

[fa icon='calendar'] Feb 28, 2018 11:15:30 AM / by Edwina Fairley posted in business tips

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When you move from a paper or spreadsheet bookkeeping system to a cloud-based system, it requires more than just changing where you input information. There’s a whole shift in thinking that has to go on.
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The new business tax option: Pay-as-you-earn provisional tax

[fa icon='calendar'] Feb 22, 2018 8:43:33 AM / by Edwina Fairley posted in business tips

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One of the biggest hurdles small business owners deal with is when and how much to pay in tax. Under our current system, you need to pay provisional tax in installments throughout the year, based on an estimation of what you will earn (taken from your earnings from the previous year).

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