Asset protection simply refers to the legal strategies and plans used to safeguard an individual or business’s assets from risks such as lawsuits, creditors and financial liabilities. The goal is to minimise the exposure of assets to potential risks and protect them from being lost. This work can involve legal, […]
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Estate planning is the process of arranging for the management of a person’s assets and obligations in the event of their incapacitation or death. It may involve creating legal documents such as wills, trusts, powers of attorney and health directives. Overall, estate planning is an essential process that allows individuals […]
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Managing your discretionary and non-discretionary spending is crucial to achieving financial stability. Non-discretionary spending refers to the expenses that are necessary and cannot be easily eliminated or reduced. Discretionary spending is the expenses that are optional and can be reduced without affecting your basic needs. Tips to help you manage […]
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Compassion is a feeling of deep sympathy, empathy, and concern for others who are suffering, struggling or in pain. It is the ability to recognise and connect with what others are managing, and respond in a way that shows care, understanding and kindness. Compassion is the willingness to be present […]
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Once upon a time, there was a business owner named Karly, who had been running her successful bakery for over 30 years. While she loved creating delicious pastries and cakes, she had been dreaming of travelling the world. She started to share her travelling itinerary with her team, which included […]
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Having a process in place can help you grow your business by becoming more organised, efficient and productive. And here are a few steps to help get you started: 1. Identify areas of your business that need a process: the area could be sales ad marketing, customer service, accounting or […]
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Is it time to tap into accountability coaching to help you reach your goals and commitments? Accountability and business coaches provide support, guidance, and motivation to help business owners stay focused and take consistent action towards their desired outcomes. Coaches may also provide feedback on progress, help you overcome obstacles […]
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This is a very common question! Learning how to run a business can be a challenging and overwhelming experience but also a very rewarding process. 1. Research and read. Read books, articles and download white papers on entrepreneurship and business management. Ask for recommendations on the best business books to […]
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Insolvency refers to a financial state in which an individual or organisation is unable to meet their financial obligations and pay their debts as they become due. Insolvency occurs when an entity’s liabilities exceed its assets or when it is unable to generate enough cash flow to pay its debts. […]
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Financial advice is often seen as a luxury reserved for the wealthy or those facing dire financial straits. However, the truth is that everyone can benefit from seeking financial guidance, regardless of their income or net worth. Why the Shame? There are many reasons why business owners may feel ashamed […]
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