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All Articles
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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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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