One Sherpa » profitability

When did you last take a holiday?

Andee Sellman — Thu, 09 Jul 2009 03:26:30 +0000

Many business owners feel stuck in their business and feel unable to take a holiday. Why do you think this is the case? Normally it is because the business owner is working in the business without drawing a wage and in order to take a holiday they have to find someone to do the same [...]

Banish One Step Thinking – The key to better understanding (Part 3)

Andee Sellman — Thu, 23 Apr 2009 00:41:57 +0000

Posted in business finance

This series is about discussing how one step thinking can cause incorrect profits to be reported in a business. I want to deal with areas where incorrect recording of purchases can cause incorrect profit to be reported in a business. 1. Beating the Tax Man There is a well known pastime by most business owners [...]

Banish One Step Thinking – The key to better understanding (Part 2)

Andee Sellman — Sun, 19 Apr 2009 23:19:40 +0000

Posted in business finance

In the last post I mentioned that the learning was to make sure that you use the same process for sales and purchases in your books. In this post we’re going to look deeper into making sure that items are matched correctly in your profit and loss account. Many people have turned their books of [...]

Banish One Step Thinking – The key to better understanding (Part 1)

Andee Sellman — Tue, 14 Apr 2009 11:57:10 +0000

Posted in Management

What would it be like for you if you only had one leg? How would walking work for you? Probably more like a hop I suspect!! This is how many people think about the money side of their business. They never think about the ‘other side’ of what they’re doing. Cause and effect never enter [...]