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Do you really know who you are giving credit to?

One of the major challenges facing small businesses is customer invoices going unpaid for weeks on end and causing significant cash flow issues. It is no wonder, then, that owners of these businesses might be hesitant to give credit to customers when they don’t know that they will ever see the money they are owed.

Think about it – do you really know who you’re giving credit to? How do you know if they have the resources to pay it back? Is this going to be money you and your company never see again? You would probably only offer credit to a client that is having cash flow problems of their own, so there is a real risk that you might not see the money again. At the very least, it’s important to assess the credit risk of new customers. (more…)

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How will virtual reality impact the workplace?

People have been speculating about the potential reach and impact of virtual reality for the best part of fifty years – what might it change, how could society develop, how would the way we live our lives be affected? Although the most significant inroads into its use in daily life have been concentrated on the video game industry, there are those who believe that the biggest change will be felt in business. (more…)

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8 Steps to Becoming a Better Project Manager

Project management is an art which has to be understood both in terms of theory and practical application to be utilised in a successful way. There are dozens (sometimes thousands) of things that can go wrong on any project, from small integration processes to the biggest engineering projects in the world. It is the project manager’s responsibility to ensure that they are dealt with as quickly as possible with as little disruption caused to the project as possible.

There are a lot of good project managers, but not many great ones – how can you elevate what you do to ensure that you’re a level above everyone else working in the project management field? (more…)

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Summer Business Tips That Will Make You More Productive

shutterstock_96137972_smallAs we all know, summer tis the season to be distracted. With the sun shining, holidays approaching and school terms ending, it can be all too easy to succumb to the notion that productivity will be waning.

However, when the sun has got his hat on, it is, in fact, possible to turn these distractions into positive ways to significantly improve your output.

Embrace summer in the office

If you’re worried about keeping your staff productive – as well as your own productivity – when a heatwave is looming, there are simple processes you can implement to boost business productivity, and morale with it. (more…)

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6 Things I wish I’d Known Before Starting my own Business

Couple standing in front of organic food store smilingStarting your own business is hard. I knew that going in, but I didn’t know just how tough the first few months were going to be. The initial setting-up jobs – the phones, the internet, the space (my living room) were simple enough, but it was when the actual work started that things began to unravel. With hindsight, there were things I wish I’d known before I started which may have helped the business settle down and begin to succeed more quickly.

I wish I’d known… (more…)

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