Numeric Eight Blog

One of networking’s golden rules is that you need to invest time and effort to receive results. But that depends on your networking group. You see there are 2 types of networking groups – the fluffy ones and the business focused ones. Read more

What is a Balance Sheet?
A balance sheet represents the financial position of the company on a specific date.
It enables readers to understand the entity's financial stability, liquidity and solvency. The balance sheet is prepared on the basis of the balances transferred from the P&L account.  Read more

Trudi Yip would have to be one of Australian’s most enthusiastic business owners. She’s literally done it all her life yet she still maintains an infectious joy for the whole process. More than that, Trudi loves to see creative businesses thrive and uses her bookkeeping firm, Numeric Eight as the vehicle to help her clients. Read more

Without water, a plant will wither and die. In business, poor cash flow works the same way. So how do you make sure you get paid on time? Here are our 5 Top Tips. Read more

For many business owners, hiring a virtual assistant or admin person is one of their first personnel hires. It makes a great deal of sense because it frees your time to focus on building your business and churning out the work. Read more

With Christmas only a few weeks away, there’s a lot to do both personally and professionally. If you have a team, you also need to manage a very hectic time for payroll. So ask yourself these 2 questions.  Read more

Only your customers can evaluate how well you look after them and that’s likely to differ from customer to customer and with each interaction with your business. As a result, there will never be a checklist to ensure you take care of your customers each and every time. However, there are 3 poor service habits every business needs to stamp out.  Read more

When we enjoy our work, it’s easy to get up early and face the challenges of the day. As business owners and managers, we need to share our passion with our staff to ensure they also enjoy coming to work every day. Read more

It’s a myth to believe legendary business people achieve success on their own. The truth is celebrated leaders like Steve Jobs, Walt Disney and Coco Chanel didn’t have all the answers. Instead they understood their limitations and surrounded themselves with experts who could help them achieve their vision. Read more

Whether you’ve been in business for years, months or weeks, taking the leap to start your own business takes enormous courage, bucket-loads of self-belief and tonnes of passion. It should also be fun – even on the days when running your own business is sheer hard work. That’s why it’s so important to know your business “why”. It will keep you focused and on-track throughout your business journey but it’s something many business owners struggle to identify. Read more