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Wellington Business Advice

Jeff — Sun, 06 Dec 2009 09:43:21 +0000

Its amazing how many businesses we come across that dont have the most common financial knowledge when it comes to cashflow, profit, equity and income or measuring these.

Wellington Business Advice

One skill we get out of the way early on is the ability to Budget in a business. Even our $299 BOOST lite programme provides our clients with the skills and tools (on a USB stick) to enalbe them to put in place very easy a

Simple Cashflow forecasts

Forecast Profit tools

Cashbook Templates

Break – Even analysis

Often we can get these out of the way within two hours.

The article below is written by a Business Coach from the USA. She writes about the case for Budgeting. Its funny but the most crucial things we need to do in business are often the most boring and monotonous.

I insist with my Wellington Business Advice clients that they demonstrate skills in these areas before allowing them to outsource any of this work. That way my Wellington Business clients have a firm understanding of these basic Business foundations. Its only after this that my clients get to experience the exciting stuff like BOOSTing results and doing the job more efficiently

Wellington Business Advice

There are many resources out there for small business owners to teach them to market or to use social media or to develop a brand. These are good practices to have but I’d argue that the top business best practice is not marketing or social media usage or branding. It’s budgeting.

Don’t get me wrong: marketing, sales, branding, positioning… they’re all critical to business! But a business that brings in lots of money, but loses the money because it doesn’t know where the cash is going, won’t be in business long. I like to use the example of a bucket: Sales and marketing are meant to increase the amount of water that will flow into your bucket. However, if there are several holes in your bucket then all the water in the world isn’t going to help. Budgeting plugs those holes and helps you to keep track of your money, essentially keeping more of it in the business.

Although budgeting can seem like a drag, especially when you consider the fun and highly creative marketing tasks that need to be done, it’s no wonder that business owners avoid this activity!

Setting a business budget should be a priority. One area where many small business owners get into trouble is with taxes. Thus, when you’re setting up your budget, the first thing you should do is take a percentage of everything you make and put it into an account specifically for taxes. Then, when you get to the end of the year and that dreaded tax bill is due, you won’t be scrambling to figure out how to pay it.

After you have dealt with the tax issue, you should calculate what it will cost to run your business each month. If you are operating your business out of your home, your budget should include an amount for renting the office space in your home and utilities. This amount should be paid to you. Include in your budget an estimate for office supplies, such as paper, ink for your printers, etc.

Remember, it is better to overestimate and have money left over at the end of the year than to underestimate and end up in the red. You should look realistically at your business and decide what it really takes to operate it. If you entertain clients, budget for it. If you’re going to be advertising, budget for that. If you use your personal vehicle, budget for gasoline and a portion of the maintenance. Include your salary and a “catch all” category for those unplanned emergencies. Do not overlook any detail of your operating expense. After you have taken into consideration all the applicable items and prepared a budget, ask your accountant for input.

Now that you have successfully prepared a feasible budget, the biggest and most important step is to stick to it! Sometimes it is easy for a business owner to think, “I’ll make it up later in the year” and spend money that is allocated for something else. Do not fall for that! If you know you’re going to have a big purchase, start saving for it and buy it when you have the money. If you have a catastrophic event, such as your printer dies and you have to get one right now, then that comes out of your “catch all” fund.

If you adhere to your budget faithfully, there will not be any surprises when you meet with your accountant at the end of the year. Truth be told, you may be surprised at how much money you have to start the New Year.

Heather Villa, MBA CMA MSM, is a Business Coach and Entrepreneur. She helps business owners achieve success in operations, productivity, project management, and social media. Read her other articles at http://hireheathervilla.com/resources/articles/ and visit http://heathervilla.com for more information.

Article Source: http://EzineArticles.com/?expert=Heather_Villa

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Jeff Smith - The Business Coaching Guy in Wellington

Jeff Smith - The Business Coaching Guy

Wellington Business Coach

Jeff — Sun, 06 Dec 2009 08:13:57 +0000

BOOST Business coaching has expanded its services to Wellington

Wellington Business Coach

The Business Coaching Guy AKA Jeff Smith master franchise BOOST Business Coaching says ‘There appears to be plenty of inquiry coming from Wellington Businesses looking for simple action oriented Business assistance’. ‘ The thing about BOOST Business Coaching is that we have a reputation for working with businesses on a practical level – in other words we tend to leave the fluff, academics and psycho theory to other business coaching companies to peddle’.

The BOOST Business Coach has been available in Wellington for the past few months however we are now looking to enhance Wellington Business Coaching by offering the BOOST system to a local provider or someone looking to join an accomplished company.

We are looking for someone who has previously been in small business and who can talk to Wellington Businesses on a one to one ‘down to earth’ level

Jeff Smith says “The Wellington master franchise is available now and we would love to talk to that special Wellington business coach who has a good track record in growing small businesses rapidly.

Wellington Businesses have been especially keen to take on our $299 BOOST Coaching Lite programme which gives small businesses a good feel what coaching can do for them and how much they are likely to profit from having a good business coach on their team.

Contact your BOOST Wellington Business Coach

‘Many small businesses tell us that having a BOOST Wellington Business Coach on board is like having a bolt on Marketing, Operations and Finance department’

If you are in Business in Wellington or anywhere in the Wellington Region give us a call and we will get your Wellington Business Coach on the job right away.

Wellington Business Coaching - $299 BOOST lite programe

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Wellington Business Coaching

Jeff — Sun, 06 Dec 2009 08:01:01 +0000

BOOST Business coaching has expanded its services to Wellington

Wellington Business Coaching

The BOOST Business Coaching programme has been available in Wellington for the past few months however we are now looking to enhance Wellington Business Coaching by offering the BOOST system to a local provider or someone looking to join an accomplished company.

We are looking for someone who has previously been in small business and who can talk to Wellington Businesses on a one to one ‘down to earth’ level

Jeff Smith says “The Wellington master franchise is available now and we would love to talk to that special business coach in Wellington who has a good track record in growing small businesses rapidly.

Contact BOOST Business Coaching

‘Many small businesses tell us that having BOOST Business Coaching on board is like having a bolt on Marketing, Operations and Finance department’

If you are in Business in Wellington or anywhere in the Wellington Region give us a call and we will get your Wellington Business Coach on the job right away.

Wellington Business Coaching - $299 BOOST lite programe

Can Wellington Business Coaching help me franchise my business?