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One Minute Business Checkup

Should I Pay Myself a Wage?

October 6, 2009

In this Vlog Andee is discussing a very important question. Many business owners get this question wrong, and in so doing rob them selves of both income and lifestyle.

Getting this item right is a key to achieving lasting business success.


The Vlog series comes from One Sherpa an online global membership community dedicated to helping small business owners succeed and prosper.

The series is filmed on location around Melbourne, Australia and answers questions commonly asked by small business owners

This video is filmed from Silvan Dam, Mount Dandenong and answers the question ‘Should I Pay Myself a Wage?’

What To Do When Things Aren’t Working Out!

October 1, 2009

Man with money in pocketWhat do you do when you feel stuck or completely discouraged in your business?

Do you reach out to others or do you slide into a quiet place and feel sorry for yourself?

Denial castle is a favourite place for people, BUT no one was ever successful from there.

  • Find some people who you can talk to.
  • Find some people who can offer you helpful suggestions.
  • Find some people who have successfully got out of where you are.

Give up the temptation to withdraw and get on the front foot with the help of others.

Categories: Mindset

Is Profit More Important Than Cash?

September 29, 2009

Many business owners think that profit and cash are the same thing but they are NOT.

Today Andee discusses which is most important and shows you how profit and cash are measured using The Financial Fence®.


The Vlog series comes from One Sherpa an online global membership community dedicated to helping small business owners succeed and prosper.

The series is filmed on location around Melbourne, Australia and answers questions commonly asked by small business owners.

This video is filmed from Sky High Secret Garden, Mount Dandenong and answers the question ‘Is profit more important than cash?’

The 3 Critical Parts of Small Business

September 24, 2009

Man with money in pocketSmall business is not really that complicated.

You can hear lots of academics talk about plans, strategies etc etc.

But at the end of the day you need to know about three things

  1. Operations
  2. Marketing
  3. Finance

Most people who go into business know about the operational part of their business because without it there simply is NO BUSINESS

However, to be successful as a business owner you must learn about Marketing and Finance

Marketing is about getting customer leads coming towards you and converting them into sales

Finance is about making sure that the money flowing through your business does not flow completely out of your business leaving you with nothing

Many small business owners need to extend their knowledge further in marketing and finance to add to the great knowledge they have on operations.

Click here to increase your knowledge

Categories: business finance
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