While slow sales periods are a fact of life in business, there are ways to overcome them.
This existing stock that you have not been able to shift needs to be cleared to maximise your shop's profit performance.
If you do not exceed the thresholds, you can voluntarily register for GST provided that the consultancy is a bona fide commercial operation.
There are some critical risk management questions you must carefully consider before mortgaging your home.
Owning a cordless drill does not magically make you an experienced carpenter. The same goes for accounting software.
It is one of the most important aspects of running a small business to ensure that debtors’ management is controlled and you remain cashflow positive.
Given that your accounts are in a bit of a state, it may certainly be a red flag for anyone performing due diligence.
There are various things to consider here, including budgets, research and marketing.