How to write reports that show how your business is really doing
A lot of financial report are written for accountants, not company directors. Here's how to create one that shows how your business is really performing. The post How to write reports that show how...
View ArticleWhy Australia needs tax reform, not knee-jerk tax changes
The recent meeting of Premiers and the Prime Minister greatly worried me. The solutions to the growing costs of health (i.e. lifting the GST or the medicare levy) would have dreadful flow-on effects....
View ArticlePassing the Baton: Why Every Business Owner Needs a Succession Plan
While everyone wants their businesses to be successful and operate for a long time, you may not necessarily want to remain at the helm. At some point, you may want to pass the business on to your...
View ArticleThe Value of a Good Reputation
The collapse of Dick Smith Electronics, after several decades with a good reputation, is devastating for those who have invested in the business since it floated on the stock exchange. It is sad to...
View ArticleGreat Budget for Small Businesses
The biggest change in the budget is to correctly define a “small business”, that now being defined as one with a turnover of less than $10mill. The concessions that were available to only some of the...
View ArticleHow to reduce tax without unwanted side effects.
“Prevention is better than cure” is a saying I had drummed into me from a young age, and for good reason. It applies across a myriad of areas, having your car serviced regularly is better than...
View ArticleJuly 1 2016 Changes…
Everyone New rules to prevent foreign residents avoiding tax when they sell certain Australian assets will affect everyone buying or selling property with a market value of $2 million or more. The 10%...
View ArticleHow to have consistent sales
When a graph of monthly sales resembles a roller coaster, profit is often poor. Such a business is focused on sales when it is quieter and proactive selling falls away when it is busy. This trend is...
View ArticleThe Power of Mentoring
Have you heard of Bill Campbell? Most likely not. However, I am sure you have heard of Steve Jobs, Eric Schmidt and Larry Page who started Google. Bill Campbell was their mentor for many years. Mentors...
View ArticleShared Clarity Drives up Profits
The navigational skills of the early seaman amaze me. Through thick fog and thunderous seas, they kept their small ships safely on course to their destination. Businesses likewise need clarity of...
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