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One Minute Business Checkup

Discover the Magic Pill For Your Business Heartache

Feeling Frustrated and Stressed?

Welcome to the world of the business owner.

I remember when I first started in my own business and the unrealistic thoughts that filled my world. Even if I made half the sales I thought were possible, I’d make so much more than working for someone else.

But it didn’t work out like that.

Being a business owner turned out differently than I’d thought.

AND by the time I worked that out I’d sunk a reasonable amount of money into the business.

What no one told me was that being a business owner meant I had to think about the whole business AND make sure all the numbers worked!

The other thing about being a business owner is that there’s NEVER a spare moment.

So if you feel like this? Take the magic pill,

Do a One Minute Business Check Up on your business and see why things aren’t going how you thought they should (and you don’t even need a glass of water to take this pill!).

Why Should You Match Your Terms of Trade?

Matching terms of supply with your terms of sale is often overlooked by business owners, but this is important as it can have a significant impact, (positive or negative) on your business cash flow, and consequently how much money you need to fund your business operations.

Today Andee explains how matching your terms can help your cash flow.

Click to play...

The Vlog series comes from One Sherpa an online global membership community dedicated to helping small business owners succeed and prosper.

The series is filmed on location around Melbourne, Australia and answers questions commonly asked by small business owners

This video is filmed from the Royal Botanical Gardens, Melbourne and answers the question Why Should You Match Your Terms of Trade?

5 Facts About Homepreneurs You Probably Never Knew!

Let’s start today by defining a homepreneur.

They are small business owners running viable enterprises from their home.

I guess you could say they’re a subset of entrepreneurs because being based at home they often have to be very enterprising in order to compete with other businesses.

So what are they like? How would I recognise one if I saw them down the street away from their home?

According to The Small Business Success Index in America there are five defining characteristics

  1. Homepreneurs tend to be male, middle-aged and white according to the 2009 Network Solutions survey.
  2. 69% of homepreneurs are male, 31% are female.
  3. 88% of homepreneurs identified themselves as non-minorities and 11% identified themselves as minorities.
  4. 52% were over 55 years old and only 6% were less than 35.
  5. 46% of homepreneurs completed college

So you can see they’re not some kind of fringe community. From the statistics they are fairly mainstream and a vital part of the economy and community

So if you’re a homepreneur drop a comment on your experiences

Is there something you could share that would benefit our community?

Why Cash Is Not Part of Working Capital

Business owners sometimes ask us why we don’t include cash when we talk about working capital. This is a great question and it’s very important to understand the answer.

Andee explains in today’s video what cash really is and why it’s not included as part of working capital.

Click to play...

The Vlog series comes from One Sherpa an online global membership community dedicated to helping small business owners succeed and prosper.

The series is filmed on location around Melbourne, Australia and answers questions commonly asked by small business owners

This video is filmed from the Government House, Melbourne and answers the question Why Cash Is Not Part of Working Capital

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