Kate Groom is co-founder of Smart Franchise and The Franchise Accountants Network. She has worked with small business owners and franchises for many years, including leadership roles with Australian franchisors. Together with her business partner, Peter Knight, Kate helps franchisees learn about business and financial management, and how to improve their business results. They also help accountants provide better advice to franchisees.
With the holidays on the horizon, business owners need to decide whether to shut up shop – and if so, for how long. Here are seven things to consider when deciding whether or not to close for the holidays.
Does your business experience a profit boost in December and a cash flow crunch early in the new year? Here are four lessons about cash flow.
How do you make sure your meetings are as effective as they can be?
Trade shows are a popular option for a business to meet potential customers, but unless you do them well they can become a costly flop.
For a smaller business, the debt caused by unused leave can lead to various challenges, especially if you’re running on tight profit margins or cash flow is a problem. Here are five suggestions for how to manage the debt caused by unused leave.
If you’re an employer, the idea of enforcing leave over Christmas might be appealing. Letting the business take a breather might be just what you all need before setting off on the right foot in the New Year. Here are three reasons why it’s good to encourage staff to take a break at Christmas.