Our special guest in this episode is Leschen Smaller from Element Business and Accounting Solutions. How come so many businesses have collapsed? Where have they gone? Why didn't they save for a rainy day? These are just some of the questions we have in mind and Leschen is here to enlighten us. She explains 13-week cash flow and talks more about getting projections for when your cash is coming in and when your cash is going out—something that is certainly important and that has been highlighted through this whole COVID crisis thing. Normally, businesses might save a little bit for a rainy day, but Leschen shares a better way to stay afloat in times of crisis: forecasting. Read more or listen to the podcast!
Business tips to keep you in front of your competitors
It’s important for a business owner to understand the ins and outs of operating a business. Read on for some tips and best practices that you can take advantage of.
Are your products overpriced? Does your service cost too much or too little? Most entrepreneurs will have that problem with pricing. How do we set our prices or rates? Is it what would cost us plus a percentage or do we look into the wilderness to see what our competitors have in there? Perhaps there's a formula to doing it right. Courtney Deagon, pricing expert and the CEO of Court & Co Value Group Pty Ltd, shares with us some great tips on setting the prices of our products or the rates of our services.
Today, we're going to talk about how to efficiently manage your remote workforce. You're all happy and home and hose that you've got everyone working from home and you've noticed that they aren't quite meeting their KPIs, or maybe they are, or maybe you didn't have KPIs in the first place. Whatever the case may be, we're going to go through some really handy ways that you can measure your staff's performance on a keyboard stroke, phone call, or whatever the KPI metric that you want to measure is.
Josh: I've always said, "You can teach a man to fish and he'll have food for life, but some people just don't like fishing."
Drue: That's right.
Josh: They just don't.
Drue: Some people don't like fish either.
Find out what they're talking about.
Our special guest in this episode is Paul from No BNK, a non-bank business and commercial finance solutionist. Paul is a wizard when it comes to looking at a different way that you can do finance, which is especially critical in today's financial climate. He has been involved in nonbank lending for around about 16 years but he has never ever put anybody in a loan with the bank. He explained, 'If I want to borrow money from you, why do I have to go to a bank to do that? You put your money in the bank and then I go and borrow the money from the bank. That's your money that's in the bank. That's not theirs. So why not just borrow directly from you? No BNK is set up where we facilitate accurate information between somebody who wants to borrow money and someone who wants to lend it.' Listen to the podcast or read on to learn more about No BNK.