Three key ratios for business success
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
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
How often do you walk into a business and see a vision or mission statement on the wall? Usually, the statement comprises anywhere from a
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
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