ACCOUNTING PRIMER
Contrary to common belief, Accounting is easy to
master. There are 5 core principles, which - when
understood - are sufficient to run your small business.
Yet, the lack of understanding (leaving it to an Accountant)
contributes more than any other factor to business
failure.
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MANUAL ACCOUNTING
Manual Accounting is time consuming,
in-efficient and requires extra filing space. Yet,
understanding the process is very helpful when we
process the transactions using an Accounting Software.
By simply knowing how to record a transaction will
make reading the reports (making business decisions)
a breeze.
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TRANSACTION PROCESSING
Using an Accounting Software is relatively
simple - if we understand the Accounting Principles
and what happens "behind the scenes". If
introduced in a "One Step at a time" fashion,
it will make running your business free of frustration
(the not knowing factor).
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MARKETING
Marketing evolves as fast as technology
does. We need to understand and take advantage of
that technology. Internet now is (or at least should
be) a part of any business Marketing Strategy. Yet,
there are some core principles in Marketing that are
as important to understand NOW as they were decades
ago. The 4 P's that form the Marketing Mix often will
make a difference to a business between success and
failure.
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MANAGEMENT
Management
is normally associated with "Bosses telling Employees
- what, when, where and how to do things. Yet, Management
in a Small Business (even with no employees) is crucial
to its success. Planning, Organising, Leadership and
Controlling need to be understood. Condensing the
above into a Manual, can give us a feeling of Being
in Control.
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YOU and THE PROCESS
The learning process is designed
around the tasks that need to be performed in your
business. When you feel that you need to upskill in
a particular area of knowledge, just simply go to
our knowledge based tutorials. There you will find
a step by step process related to the relevant subject.
Just Test Drive the steps and when ready - apply the
newly acquired knowledge to your business.
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