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All Articles
Four inventory management strategies to save your business money
13/08/18 - Growth
1) Make sure you are not holding more stock than you need Holding more stock than you need is never a good idea. Excess stock…
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How to increase your profit margins
05/02/18 - Financial Performance
Many business owners think you need to increase sales to make more money. But often this is the more difficult path. A minimal increase to…
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Accrual vs Cash Accounting: which method should you use?
05/02/18 - Financial Performance
There are two types of accounting methods accrual and cash accounting. Which type your company uses can have a major impact on the total…
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Depreciation game changes for residential investment properties
27/11/17 - Personal Wealth, Tax
Last week marked the biggest change to depreciation legislation in 15 years. As part of the government’s efforts to claw back negative gearing parliament…
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Product lines…how much profit is enough?
03/10/17 - Financial Performance, Growth
In my work advising business owners I’m often asked the following question – “how much profit should I be making?” Or to put it another…
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Two Proven Strategies to Increase Sales
03/10/17 - Growth
In my work dealing with business owners, I’m often asked how to increase sales. Often, lifting sales can be viewed as too daunting, particularly if your current sales are already significant. I think this is because people don’t often break sales down into its component parts. Invariably I focus on two simple, yet effective processes for breaking the sales process down into manageable chunks.
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Corporate beneficiaries: the complete story
29/09/17 - Tax
Corporate beneficiaries are a popular and effective strategy for delaying tax. However if you use a corporate beneficiary it’s important that you remember just…
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Salaries vs Dividends vs Drawings: What’s the best option and why?
24/08/17 - Financial Performance
Unless you’re running your business as a sole trader, the time will come when you must decide how you will remunerate yourself for your time,…
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The key financial metrics you need to know to achieve financial success
17/08/17 - Financial Performance
Measuring the right financial metrics is key to the ongoing health of your business. They can provide important insights into how well your business is…
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Businesses use of long-term funding to finance assets: why, how, and what to do about it?
17/08/17 - Financial Performance
Managing the cash flow of a business is definitely one of the most important tasks of being a business owner. Prudent business owners regularly look…
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