How to manage your day-to-day cash flow Do not attempt to grow your business out of cash flow Forget profits and turnover: cash flow is the lifeblood of any business. It's important to keep in the black. Learning this early on will put you and your business venture in good standing for the future and [...]
Reviving Australia’s Economy From a business perspective everyone needs to look for a progressive revival of Australia’s economy and not be self-interested in the ‘what’s in it for me’ syndrome. I believe the governments focus on a budget surplus is correct, however there needs to be strategic intent by including plans for overall tax reform [...]
UPGRADE YOUR SECURITY Just recently I have had the privilege to visit some best practice companies throughout Australia and there are several which stand out from the rest and which I can highly recommend you consider. One such business is Gates Galore – www.gatesgalore.com.au There’s actually a revolution underway at Gates Galore where demand for [...]
As business owners/managers it will be so important to now ensure you are looking at the preparation of a 2020/21 fiscal year budget and in doing so you would be consolidating the current 2019/20 performance which will then set the scene for going forward. Budgeting can be a daunting activity however a budget is the [...]
Sustainable and profitable growth must your strategic intent heading into 2020 and the new 2020/21 fiscal period. I am listing some of the strategic areas where I believe you need to focus which are based on hard experience over the years but are still very relevant for sound budgetary and operational controls. Give existing and [...]
Every business seeks to grow and set themselves apart from competition and/or to become an attractive asset for someone to purchase. There are some fundamental lessons to take on board relative to growth and how to establish these as part of the strategic business plan and/or succession plan. The biggest and most important lesson to [...]
Business is a Journey to reach your ultimate Destination Why would I make a title such as this? Simply because even at this stage of my life I am still learning and adding to my history a huge business success in amongst the losses. I have never looked at my failures as total losses because [...]
After serving on various boards as an executive for over 40 years now, I am fully aware that the management and contribution made by each respective member is critically important. Not just in terms of the decision making process, but in ensuring all decisions are compliant with the respective corporations laws and add sustainable value [...]
Although we are now in the second month of this new fiscal period, there are still opportunities for small, medium and large businesses to strategise and achieve growth and profit as we also enter a period of world economics which could present extremely challenging times. The powers of technology today has also presented business strategists [...]
I have been asked about the underpinning elements of market growth which will set a business apart from the competition and the approach I recommend is as follows: Always work in conjunction with your strategic business plan (SBP) Be aggressive but realistic with your budget without 'blue-skying' projections A SBP will identify immediate opportunities for [...]