Blog Articles
Family Business Owners: 4 tips for an effective business plan to grow your business
It may be tempting to think that a family business can look after itself and doesn’t need a proper business plan – because everyone trusts each other. That’s dangerous thinking….
The secret to your family business NOT becoming one of the 60% that fail in the first 3 years…
Did you know that 60 percent of all Australian Businesses fail in the first three years? Pretty shocking that, isn’t it? But not as shocking as the failure to introduce…
3 Cash management practices no small business can do without if you want to grow
It’s plain and simple: a business needs cash to grow. And this means that every small business needs an effective cash management strategy. The more cash you have the more…
Hope for the best, plan for the worst: Why a business succession plan is essential
While everyone wants their businesses to be successful and operate for a long time, you may not necessarily want to remain at the helm. At some point, you may want…
Your Business, Government Grants and Tax Incentives. Are You Cashing In?
Thomas Edison once said that “Genius is one percent inspiration and 99 percent perspiration”. Unfortunately, going from that inspirational idea to the finished product takes a lot more than hard…
Why Business Budgeting is More About Being Accountable, than it is About Accounting
For many, the word ‘budget’ is about as appealing as the word ‘diet’. It seems to imply what you will go without, rather than what you will achieve. To a…
How to Have a Seasoned CFO Help Guide Your Business Decisions
Larger businesses have a Chief Financial Officer (CFO) on staff. But what can small and medium sized businesses do in this regard? Clearly, larger businesses can afford an in-house CFO….
Business Owners: Are You an Entrepreneur? Or Just a Technician?
“You need to work on your business, not just in your business.” Made popular by The E-Myth Revisited author Michael Gerber, it’s advice I’m sure you’ve heard dozens of times…
Lead vs Lag Indicators: Why You Won’t Win In Business While Looking at the Scoreboard
The principles behind winning in business and winning in sport are similar in many ways. Take tennis, for example. If you’ve ever watched a match on television, you’ll know that…
Is Your Family Home At Risk? The One Mistake Many Business Owners Make
As a business owner, there are plenty of things you need to manage, and two of the most important of these are assets and risks. In other words, building your…
