Cash is king – 7 strategies to manage your cash flow
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 […]
Top 6 New Year’s resolutions for good financial health
A new year is traditionally seen as a time to make resolutions for change. I therefore thought it might be useful to provide you with my top tips for good financial health. In a previous blog, Three Key Ratios for Business Success, I talked about the need for any business to achieve a certain rate […]
So your business is underperforming? What can you do about it?
It’s usually easier to look back after a business has failed and identify why, than it is to save a business from failing in the first place. In my view there are a number of reasons for this, not the least of which is the fact that everyone is always wiser with the benefit of […]
My top 4 tips to future proof your business
I often read about businesses that don’t last the distance – businesses that look like they have great potential but just somehow can’t be sustained. I can’t help but think that many of these organisations mustn’t give any thought to “future proofing” their business. So what is “future proofing” and why can it help businesses […]
A small business turning over millions should not be going broke!
Nearly every week we read about an Australian-owned business going broke – even though their turnover is in the millions. Within the last week alone there have been reports of collapses including Trazlbat (with a $20m turnover) and Ultimate Creative Agencies (with around $12m turnover). The question raised by such developments is: how can businesses […]
