From time to time, companies and organisations undertake a SWOT analysis, where managers and staff look at what Strengths & Weaknesses the business has, and what Opportunities & Threats the business is facing in the current business environment. I highly … Read More
In our last few blogs we have talked about whether or not your business is saleable and some ideas to help improve that. Here are some numbers that would scare you: With only 10% of strategies being executed, business owners … Read More
In a recent article, we looked at when might be the best time to sell your business, what you need to have in place to make your business attractive to a buyer, and whether you and your business were actually … Read More
When you start a new project for your clients you probably have certain routines to get them up and running. Everything runs a certain way when you do business, from quoting for the job, scheduling it in your calendar of … Read More
It’s an unpleasant reality of running a business – sometimes you’re going to have to cut costs. You only have to look at the sobering examples of Holden and Toyota announcing they’ll take their car manufacturing operations overseas, which will … Read More
Going into business can be a very rewarding experience, and going out of business making a profit can be even sweeter. However, it is estimated that only 21% of businesses owners ever sell their business. Many business owners believe that … Read More
The old adage “You don’t know what you don’t know” applies to many areas of life, including what you can claim on tax. Small business owners are generally well clued up as to what they can claim as a tax-deductible … Read More
Net Profit is King! Not Cashflow Economic researchers claim that 80% of businesses go out of business in the first 5 years and 50% in the first year. These percentages are staggeringly high. Most business owners think that cash … Read More
You’ll hear me talking about numbers a lot, I guess I can’t help it, being an Accountant and Financial Planner. In my article “Net Profit is King” I talked about the importance of setting healthy profit margins for your business. … Read More
All Tradies know how important numbers are for their business success. In fact, without the ability to measure up the job and use these numbers to get the job done right, Bob the Tradie, who was the example we’ve used … Read More