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All Articles
Top five tips and traps for developing an effective succession plan
06/10/16 - Exit Planning
I was recently asked what I thought were the secrets to good business succession for a family-owned business. As in most things in life what it really boils down to is effective communication.
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How to add thousands to your bottom line
06/10/16 - Financial Performance
Just like in our own household, waste costs the average family business tens if not thousands. However, the business owner doesn’t just incur the yearly cost, but the multiple of that cost when a business is sold.
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Three reasons businesses don’t have cash
06/10/16 - Financial Performance
There's an old saying - profit is opinion, cash is fact. That's because despite making a profit, some businesses still don't have enough cash to pay the bills. At the end of the day, a lack of cash will kill a business.
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Superannuation strategies: a comprehensive guide and tips for small business
06/10/16 - Personal Wealth
For many business owners, superannuation can be a confusing and complicated place. This needn’t be the case.
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What are the main barriers to effective succession?
06/10/16 - Exit Planning
I’m often intrigued when I read in the press about rather large family-owned businesses which are impacted by family and succession issues. These disputes are nothing new so why is it that they seem to raise their heads time again.
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Beginning at the end…9 step process for achieving your exit plan
06/10/16 - Exit Planning
In business management guru, Stephen Covey’s, best-selling book, The Seven Habits of Highly Effective People, beginning with the end in mind was a top habit of his. This got me thinking. Why is it that so many business owners don’t have a clear picture of what they want their business to look like when it’s ‘done’?
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Use your customers to fund your business growth: debtor financing explained
06/10/16 - Financial Performance
Traditionally thought of as a lender of last resort, debtor finance companies should not be overlooked as a source of funding for growing businesses, provided the business is profitable.
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Why does your business exist and why does it matter?
12/10/16 - Growth
As business owners we all want to create a growing and thriving business. However the reality is that some of us manage to achieve…
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Funding options available for innovative businesses
06/10/16 - Financial Performance, Growth, Innovation
The Federal Government has indicated that they are very keen to support innovative businesses. There are a number of funding options available by way of government grants for businesses that can meet the Government qualification requirements.
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Cash: can a business have too much?
06/10/16 - Financial Performance
I was recently asked by a client whether they were holding too much cash in the business. My answer was – it depends. It depends on a number of things as well as the reasons for the cash build up. There are economic, commercial, financial and structural issues to be considered.
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