Ever wondered ‘Where’s the money gone”?

‘Where’s the Money Gone?’ traces the learning of a typical business person named Mike. Mike believed that to be successful he just needed to make a profit.

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Video

Is profit more important than cash?

By on September 29, 2009 in Melbourne Vlog Tour

Many business owners think that profit and cash are the same thing but they are NOT.

Today Andee discusses which is most important and shows you how profit and cash are measured using The Financial Fence®.

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 Sky High Secret Garden, Mount Dandenong and answers the question ‘Is profit more important than cash?’

The 3 Critical Parts of Small Business

By on September 24, 2009 in business finance

Small business is not really that complicated.

You can hear lots of academics talk about plans, strategies etc etc.

But at the end of the day you need to know about three things

  1. Operations
  2. Marketing
  3. Finance

Most people who go into business know about the operational part of their business because without it there simply is NO BUSINESS

However, to be successful as a business owner you must learn about Marketing and Finance

Marketing is about getting customer leads coming towards you and converting them into sales

Finance is about making sure that the money flowing through your business does not flow completely out of your business leaving you with nothing

Many small business owners need to extend their knowledge further in marketing and finance to add to the great knowledge they have on operations.

Click here to increase your knowledge

Video

How can I work out if my bookkeeper or accountant are doing the right thing by me?

By on September 22, 2009 in Melbourne Vlog Tour

Today Andee gives some tips on how to better understand the way accountants and bookkeepers communicate using numbers and discusses the most important thing you should do to ensure you get the best value when working with these professionals.

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 Sky High Bridge, Mount Dandenong and answers the question ‘How can I work out if my bookkeeper or accountant are doing the right thing by me?’

You must be rich!

By on September 17, 2009 in Mindset

I was recently in Cambodia talking with a group of small business owners and made the following remark.

“When you tell people that you have your own business they always think you’re rich.”

They all sheepishly agreed but often felt hurt because they wished they were rich BUT seemed to be always struggling.

Many small business owners are misunderstood and struggling with no one to talk to about it.

That’s the reason for our One Sherpa online community.

To encourage and empower small business owners who want to be rich and find where the money is hiding in their business.

Video

How do I work out the value of my business?

By on September 15, 2009 in Melbourne Vlog Tour

Today Andee will show you how a business is valued and what number to work on in your business to increase its value.

You will also learn about “Goodwill” and how this relates to the Capital and Equity you have in your business.

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 Stevens Reserve, Vermont and answers the question ‘How do I work out and value my business?’