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All of the World’s Best Small Business Advice – in One Handy Location

By: Amanda Westphal

businessadviceOver the years I’ve received a LOT of great business advice. And, after compiling it all into this one post for your reading pleasure, I realised all that advice had one important thing in common.

You should always do the hardest task of the day first. Eat the frog, as they say.

No way, you should always start your day with journaling – it’s important to take the time to reflect on both business and life.

If you’re working from home, always get dressed like you’re going into an office.

Seriously?

“Routine is the key to productivity. The only way to get things done is to sit your butt down from 9 to 5. “

Don’t wear pants if you don’t need to. What’s the point having your own business if you can’t work without pants?

Listen to your body and work the hours you know you’re most productive.

Are you kidding?

Routine is the key to productivity. The only way to get things done is to sit your butt down from 9 to 5. Even when you don’t want to.

You should always start your business lean and use your profits to grow in a sustainable and organic fashion.1

Nup. You have to get an investor. It’s not the big that eats the small these days, It’s the fast that beats the slow.

A paperless office is the way to go. It keeps your mind clear and your systems all online.

What? Old school all the way baby!

Get out your pen and paper and write your to-do lists and letters long hand. It’ll encourage you to be more creative.

Trademark, trademark, trademark, and patent what you can. That way your concept and IP are yours.

Forget about trademarks and all that legal stuff. If someone wants to copy they only have to change it by 5%, so don’t waste the money.

Get a business coach straight away – it’ll stop you making so many mistakes and be the best money you’ll ever spend.

Do as much as you can without a mentor/coach, and then bring them on when you’ve run out of ideas.

Fake it till you make it!

Answer your phone in a different voice to mimic a receptionist if you have too!

Transparency is everything these days. Be honest with your clients. They will enjoy watching you grow and being part of your story.

Confused?

I’m not surprised. I would be too if I tried to take on board every piece of advice I’ve ever been given!

But I don’t. Because I know that all of the above has one thing in common – they don’t apply to everyone.

As soloists, it’s important to be discerning when it comes to advice. Different things will ‘work’ at different times in our business lives depending on our situation, experience and knowledge at that time.

The most important thing we can all do when it comes to advice is to keep an open mind … while taking everything with a massive grain of salt.

Source: Flying Solo

Testimonials

  • Regina Wang

    Business Tax – Beauty Salon 

    Ritchie has been managing my tax matters as a sole trader for 2 years+. Always very responsive to my questions and make effort to reply…

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  • Zac Fryer

    Director, Import and Distribution Company

    Ritchie Cruz provides and high level of accounting expertise and goes above and beyond in answering any queries we have.

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  • Napoleon Guines

    Director, Travel Company Operations

    Ritchie Cruz and Co are accommodating and have excellent service.

    Cruz & Co have impressed me the most is due to their efficient service.  They are…

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  • Dr Krish Perananthan

    Cosmetic and Implant Dentistry

    Ritchie was recommended to me by my father and I have also continued to recommend him to my friends. He is reliable, efficient and has a…

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  • Jonathan Yeoman

    Director, Technical Design Company

    This is a new business startup and Cruz&Co. have provided great help, guidance and reassurance from the beginning.

    Ritchie has provided us with excellent service and…

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  • Vanita Aloda

    Restaurant Owner

    Ritchie Cruz is my Accountant. We have a solid 10 year relationship.

    Ritchie as always provide me with honest and efficient service.

    Is a great communicator, always replies efficiently to…

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  • Jae Kwon Yoo

    Business Tax – Electrical Contractors

    Ritchie is awesome. He is very professional and responsive and he is always there to help you. He even replies during weekend. He needs some…

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  • Daniel Robey

    I have and continue to recommend Cruz and Co to many businesses and individuals who are looking for a business advisor and accountant that goes over and above…

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  • Kellie Pincham

    Director
    Automotive Parts Retailing business

    Cruz & Co offer a great professional and friendly service. Ritchie gave me confidence running the business knowing that he was readily available for…

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  • Jonathan Fambart

    Business Tax – Travel Industry

    Cruz & Co was introduced to me this year and it was the best decision for my sole trader and personal taxation affairs. Ritchie the…

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  • Home
  • About
    • Meet the Team
    • Our Clients
    • Testimonials
  • Services
    • Tax Consultant and Compliance Services
    • Small Business and Sole Trader Accountant
    • Outsourced Accounting Solutions
    • Business Structure
    • Outsourced CFO
    • Working Visa Refunds
  • Resources
    • Tax Refund Process
    • Client Assistant Schedule forms
    • Downloadables
    • Helpful Links
    • Rental Property Cashflow calculator
    • SMSF Tax Refund Process
  • Contact Us
  • Blog