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Money Mentor Laura Elkaslassy
Profit First Professional Australia
Money Mentor Laura Elkaslassy
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Category Archives: Money Tips

increase cash flow

8 tips to Manage and Increase Cash Flow in Your Business

Money TipsBy Robyn KyberdJuly 18, 2018Leave a comment

Tips to Manage and Increase Cash Flow in Your Business   There is an easy way to increase cash flow in your business; borrow more money! More money equals more cash flow, right? WRONG! Instead, let’s look at some ideas to help you increase cash flow in your business that won’t increase your debt.  …

money management tips for small business owners

12 Money Management Tips for Entrepreneurs

Money TipsBy Laura ElkaslassyDecember 9, 2017Leave a comment

1. Have an accurate business plan When you are developing your business plan, try to be as realistic as possible. Puffing up the numbers may help a little if you’re trying to coax banks or investors into partnering with you, but when you are estimating costs and cash flow for your own purposes, you need to be…

Fixed pricing how to begin

Fixed pricing – should I use it and how do I begin?

Money TipsBy Laura ElkaslassyJuly 2, 2017Leave a comment

Do you want more stability than charging by the hour gives you? Fixed pricing may just be the solution you have been waiting for.   You have been charging an hourly rate now for everything that you do and you are finding that it is getting harder and harder to price your services. Your skills…

Value pricing where do I start

Value Pricing – Where Do I Start?

Money TipsBy Laura ElkaslassyJuly 2, 20172 Comments

Will value pricing help increase my business profit?   Value pricing is different to both hourly billing and fixed pricing as you move away from the X amount of hours = X amount of dollars structure.   If you implement value pricing you are charging based on a desired outcome and educating your clients about…

Hourly billing small business option

Hourly billing – is it really the best pricing option for my business?

Money TipsBy Laura ElkaslassyJuly 2, 2017Leave a comment

  Pricing seems to be such a hot topic at the moment. Well actually, most of the time!   It seems to be that all-elusive ‘thing’ to understand exactly how to price your services.   There are a number of ways we can price and charge for our services. It may be time based hourly…

Billable vs Non-billable- Do you spend your time wisely-

Billable vs non-billable : Do you spend your time wisely?

Money TipsBy Laura ElkaslassyJuly 2, 20171 Comment

It is crucial to have the right balance of billable vs non-billable work and to achieve this you need time management.   As a business owner, especially a small business owner at start up, we are required to wear all the hats – marketing, sales and admin. I am sure you could also easily list…

Critical Foundations for Business Success

Critical foundations for business success

Money TipsBy Laura ElkaslassyJune 8, 2017Leave a comment

I recently spoke with legal advisor and self-advocacy coach Shalini Nandan-Singh about the critical foundations small business owners and start-ups often overlook. Money and Legals. These are big and often scary topics but they are crucial to long-term business success. Shalini and I believe you need to have your business finances and protective legals in place from…

small business bank accounts

Business vs Personal Bank Accounts

Money TipsBy Laura ElkaslassyJune 1, 20173 Comments

I often find myself answering this question time and time again and thought it would be a good opportunity to share the information. As I spend a fair amount of my time chatting with lean start up business owners and entrepreneurs, I get asked quite often: “Is it a problem that a person uses their…

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