As a small business owner on a limited budget, you may think that the cost of an accountant is not the best use of your money. If you have a background in accounting and a solid understanding of finances, it may be a good place to cut costs. However, if you are lacking experience in accounting and bookkeeping and hope to just learn as you go, you may be hurting your business in the long run and making a costly mistake.

According to Census data in the USA, more than 40% of all small businesses started up for under $5,000. 64% of entrepreneurs in a recent Intuit survey started with less than $10,000. But whether you are starting with a little or a lot of cash, forecasting is essential for any business to survive. All businesses must deal with uncontrollable variables but a forecast will prepare you for the future as much as possible. The main purpose of a forecast when starting a business or considering a new business idea is feasibility.

Not me personally, but this is how Mark Bouris opened his speech last night at the Brisbane Convention and Exhibition Centre. He addressed a packed room of 1,300 people there to heed his insights on generating success in business. His speech also launches the start of his ‘mentored’ program where Mark advises small businesses on how to grow and succeed.

Business owners have two financial options when it comes to obtaining gym equipment; buying or leasing.  Each has its advantages and downsides.  Choosing the right one will have you opening the doors to your new facility a whole lot sooner.