Money
Cash flow, pricing, payment collection, tax deductions, invoicing tips
0 articles
Late Payment Culture in Malaysia: How to Protect Your Cash Flow
The average Malaysian SME waits 42 days beyond agreed payment terms to receive B2B payments, according to SME Corp Malaysia's 2024 Payment Practices Report....
Why Most Service Businesses Underprice (and How to Stop)
A 2024 analysis by the Malaysian Institute of Accountants found that 62% of service SMEs price their services below what their costs and market position...
Financial Dashboard: 7 Numbers to Check Every Monday Morning
A 2024 study by Xero (cloud accounting platform) found that small business owners who review financial metrics weekly are 33% more likely to be profitable...
How to Calculate the True Cost of Employee Turnover
The average employee turnover rate in Malaysia's service sector reached 23% in 2024, according to the Malaysian Employers Federation (MEF). Most business...
Dynamic Pricing for Services: Charging More During Peak Hours
Grab charges more during rain. Airlines charge more during holidays. Hotels charge more on weekends. Yet most Malaysian service businesses charge the same...
Revenue vs Profit: The Number Most Salon Owners Get Wrong
A salon doing RM30,000 per month in revenue sounds like a successful business. But when that same salon pays RM8,000 in rent, RM12,000 in staff wages, RM3,50...
How to Negotiate Better Rates With Suppliers as a Small Business
Supplier costs typically represent 20-40% of total expenses for Malaysian service businesses, according to SME Corp's 2024 Cost Structure Analysis. A 10%...
Revenue Per Service Hour: The Metric Every Salon Owner Should Track
Most salon owners track daily revenue and monthly totals. Fewer track the metric that actually determines profitability: revenue per service hour (RPSH)....
How No-Shows Cost Malaysian Service Businesses RM2,400 Monthly
A no-show is a customer who books an appointment and fails to appear without cancelling. For service businesses that sell time, every empty slot represents...
When to Hire Your First Employee: A Financial Readiness Checklist
Hiring your first employee is one of the most consequential financial decisions a solo business owner makes. Get the timing right, and you unlock growth...