Business Archives - Stellar Ledgers

3 Tips to Prepare for the End of the Financial Year

by Stellar Ledgers | Nov 23, 2021 | Business, Growth

Preparing your End of Financial Year (EOFY) information often feels stressful—there are receipts to sort out and reports to review, and you need to make sure you have all the necessary information about your income and expenses. It can be overwhelming, and it can make...

Building an Effective Financial Plan for Your Small Business

by Stellar Ledgers | Aug 10, 2021 | Business, Small Business

Every business needs a financial plan. Your financial plan gives you a way to monitor and review your cash flow, make adjustments to your spending, and anticipate any upcoming financial issues. It can also make you more prepared to request funding or find investors...

3 Consequences of Avoiding Your Bookkeeping

by Stellar Ledgers | Jun 18, 2021 | Accounting, Bookkeeping, Business, Money, Profits, Small Business

Most small business owners cite bookkeeping as their least favorite task related to running the business. It can be a frustrating chore that takes up a lot of time and is easy to put off until tomorrow. But it’s a task that simply must be completed. Government...

Signs You’re Underpricing Your Services

by Stellar Ledgers | May 15, 2021 | Business, Growth, Money, Profits, Small Business

When it comes to the overall success of your business, one of the most important decisions you’ll face is how to price for the work you do. Charge too much and you could scare away potential customers. Charge too little and you could run yourself out of...

If my business is making a profit, where is the cash?

by Stellar Ledgers | Apr 8, 2021 | Business, Money, Profits, Small Business

Some small business owners find themselves in the difficult position of running a business that appears to be profitable, but still having no money in the bank. It’s an important situation to address. After all, a lack of adequate cash flow is one of the main...

7 Practical Tips to Trim Your Overhead Costs

by Stellar Ledgers | Mar 11, 2021 | Budgets, Business, Costs, COVID-19, Money, Small Business

Every small business owner knows how challenging it is to cut down expenses without somehow compromising internal or external quality. Regardless of the nature of your business, the first step to reducing your overhead costs is to take the time to go through every...