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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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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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Top 6 New Year’s resolutions for good financial health
06/10/16 - Financial Performance
A new year is traditionally seen as a time to set new ambitions and make resolutions for change. I therefore thought it might be useful to provide my top tips for good financial health in a business.
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Heed the warning signs for your business
06/10/16 - Growth
There are two warning signs to look out for and if you don't have your finger on these key business parameters you're flying blind.
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Are you getting the right financial advice to run a prosperous business?
09/10/16 - Financial Performance
An Australian-owned small business with a turnover of more than $10 million should not be going broke. So why, recently, has there been a spate of small businesses doing exactly that?
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So your business is underperforming? What can you do about it?
06/10/16 - Financial Performance
What can a business owner do if their business is struggling, especially if they’ve invested their heart and soul (as well as a large amount of capital) into the business?
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