How effective bookkeeping can help you thrive during a slow-down

How effective bookkeeping can help you thrive during a slow-down

COVID-19 is the biggest threat to small businesses today. Financial assistance from the government provides temporary shelter. But ultimately, survival will depend on the owner’s ability to steer his ship to a safer shore. Keeping a close eye on your books with effective bookkeeping is important. In this post, we share other steps you can take to win in a slowdown.
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The unexpected business expenses your small business needs to budget for - Geekbooks Bookkeeping Sydney (1)

The unexpected business expenses your small business needs to budget for

It’s common for small business owners to experience difficulty with cash flow. There are always unexpected payments and expenses that are entirely unavoidable, and without relying on credit options, funding these expenses can cripple the business cash flow quickly. Small business budgeting is essential; as small business bookkeepers, we continually stress the importance of active saving and budgeting for every operational business. We share the expenses that surprise most business owners, helping you to better budget for unexpected payments in advance.
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How to be a successful small business - Geekbooks Bookkeeping

How to be a successful small business

Success can be elusive for small businesses. 1 in 2 small businesses in Australia fails after their 5th year. Given they are the backbone of the economy, this rate of failure creates an uneasy feeling. While some of the problems leading to failure are external, most are internal, for example, poor cash flow management, ineffective sales and marketing or lacking the right talent and skills. In this post, we highlight 4 questions small business owners must have answers to in their effort to taste success.
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How to increase profitability of a growing small business - Geekbooks Bookkeeping

How to increase profitability of a growing small business

One of the major challenges of growing a small business is driving profitability. Balancing the future and immediate needs of the business is tricky. While the need to invest in the former is important, meeting short to mid-term financial goals is paramount too. Fortunately, there are time tested and proven approaches small businesses can apply. They are discussed in this post.
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