So your business is underperforming? What can you do about it?
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Three key ratios for business success

06/10/16 - Financial Performance

I'm often asked by business clients whether a certain dollar profit is good. My answer is always the same - it depends. The fact is, no one can tell you whether a specific dollar profit figure in isolation is a good result or not. It's just like asking someone whether the $1,000 in interest you received from the bank is a good return. You can't answer the question until you know how much they had invested in the bank - and so too it is with a business. I use three main ratios in which to assess the financial performance of a business.

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Know your change potential

06/10/16 - Growth, Innovation

Why is it that some businesses seem to be able to constantly reinvent themselves while others get left behind? Read about what characteristics can make a business more or less able to adapt to change.

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Key lessons for business owners from the Dick Smith saga

06/10/16 - Financial Performance, Growth

The recent collapse of the Dick Smith chain highlights the fact that no business is immune from potential catastrophe. But it begs the obvious question – how can a company as big as this and turning over $1.3 billion – a listed company – fail? No doubt we'll hear more in the months ahead as the receivers get to work. However, the lessons are the same for every business - from the corner store, to family businesses, to listed companies.

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Cash is king – 7 strategies to manage your cash flow

06/10/16 - Financial Performance

We've all heard the saying before: Cash Is King! But what does it mean and why is it so important? Cash is essentially the blood that pumps through the veins of a business and keeps it alive. In most businesses, both small and large, problems occur when their cash flows are managed poorly and cause both owners and their employees' significant stress. So in these more uncertain economic times, how does a business manage its cash flow to ensure its continued success?

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My top 4 tips to future proof your business

06/10/16 - Financial Performance, Growth

The literal definition of future proofing is: the process of anticipating the future and developing methods of minimising the effects of shocks and stresses of future events. Sounds a lot like planning doesn't it? You'll also note the significance of the word "process". This suggests that future proofing is not about one-off gimmicks or quick fixes - it is a course of action, an ongoing function.

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