The Importance of Properly Recording Director’s Drawings

If you’re a company director, you may be tempted to use the company’s funds to pay your own personal expenses.  For example, you might be tempted to withdraw money to pay for your new boat, holiday, pay your mortgage or simply pay yourself a regular “salary”. These type of transactions are typically called “drawings” but […]
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Project Risk Management and Assurance

IntroductionWhy do so many organisations embark on high-risk projects without demanding robust project assurance? Projects fail for many reasons. Recent global studies indicate that inadequate risk management is a common cause. Successful project managers aim to resolve risks before they occur, via systematic risk management processes. Many projects are inherently exposed to myriad risks and […]
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Project Management Office Charters

There are many reasons for developing a Project Management Office Charter. A Charter, or similar project governance statement, is often seen as a useful way to outline the structures, principles, and project management processes to be followed within an organisation. However, effective project governance is often better executed with the aid of a well written […]
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Business planning for small business

One of the most important pieces of advice that a business mentor will give you is the necessity for business planning. A business mentor will also tell you that, as with all fashionable buzzwords, there is much nonsense talked about the subject of business plans and models. And your business mentor should clarify what the […]
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3 steps to grow your business

Small businesses can grow fast even in times of recession.  Surprised to hear this? Owners of small businesses are constantly looking for ways and means to grow their business and increase their profits. Here is some very valuable information that will help both you and your business grow. 1. Customers are the key The size […]
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