“If you don’t know where you’re going, any road will take you there”
This may have been a line out of Lewis Carroll’s, Alice’s Adventure in Wonderland but it applies equally to business. “Would you tell me, please,
This may have been a line out of Lewis Carroll’s, Alice’s Adventure in Wonderland but it applies equally to business. “Would you tell me, please,
If you didn’t keep to your New Year’s resolutions last year, you’re not alone. A national survey conducted by finder.com.au found that 58% of Australians
A successful exit strategy is dependent on numerous elements, from what industry you work in to the nature of your business and of course, the
If you are considering selling your business, either now or in the future, it’s important that you understand how to value a business. The challenge
The start of the new calendar year has brought with it a never-ending number of corporate collapses with the likes of Dick Smith, Laura Ashley
As business owners we all want to create a growing and thriving business. However the reality is that some of us manage to achieve this
“If you don’t know where you’re going, any road will get you there” In my view there are two major problems facing small business when
There can only be three reasons why these businesses find themselves going into administration. Either they are getting poor financial advice, are getting good advice
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
Just like in our own household, waste costs the average family business tens if not hundreds of thousands of dollars every year. However, the business
For many small business owners, superannuation can be a confusing and complicated place. This needn’t be the case. It is best to break things down
One of the reasons businesses run out of cash – and generally go broke – is that they grow too fast. What a paradox –
I’ve often been asked by clients to assist in a trade sale of their business or a sale or hand over to the next generation.
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
So often we read or hear in the media about the latest fast-growing business. Everyone seems to focus on the growth of the business but
I was recently asked by a client whether they were holding too much cash in the business. My answer was – it depends. It depends
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
In a recent article, Planning to Take Control of the Family Business, I talked about the reluctance of family and privately owned business to plan.
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
There’s an old saying – profit is opinion, cash is fact. That’s because despite making a profit, some businesses still don’t have enough cash to
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
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
In over thirty years advising family businesses, the most successful succession plans I’ve seen have been the ones where there was solid stakeholder engagement –
Barriers to succession I’m often intrigued when I read in the press about rather large family-owned businesses which are impacted by family and succession issues.
It seems like every second day I read about another business going into liquidation. This past year has seen a number in the transport and
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
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.
Every business owner should have a specific strategy in order to push the business to greater success. The plan itself must be a living document
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