Business Owners: Are you an entrepreneur? Or just a technician?

“You need to work on your business, not just in your business.” Made popular by The E-Myth Revisited author Michael Gerber, it’s advice I’m sure you’ve heard dozens of times over the years. But despite being told over and over again, many small business owners still don’t seem to truly understand what it means.

Before you start your new business, think about your exit strategy

Planning a new start-up puts you in an exciting frame of mind that’s all about creating new beginnings. When you’re just starting out, thinking about the end is probably the last thing on your mind. What you need to realise is that a good business plan is a long-term plan, with both a start and a finish.

Tax planning vs. Business health check

If you’re like most Australian business owners, your tax planning starts just before the end of the financial year. You probably contact your accountant at most twice per year. Find out why a business health check can supplement end-of-year tax planning by answering the real questions that need to be asked.

The top reasons why your business is losing customers – and what you should do about it

For most businesses it takes considerable time, money, and hard work to win new customers. Yet I find some business owners literally throwing customers away by not coming to grips with why the business is losing customers in the first place.

Intellectual Property: Valuing your creative effort

Is your business making the most of its intangible assets? Intellectual property or IP refers to the products of your intellectual sweat and creative effort. What can you do to safeguard your IP and increase its value?

7 threats to your business assets, and why they need protecting

How safe are your business assets? I’m sure you’ve got plenty of protection for your physical assets—buildings, IT equipment, furniture, cars, etc. But what about those assets you can’t put under lock and key?

Profit and Cash Flow: Why it’s important to know the difference

Before you take the first step on your entrepreneurial journey by starting a new business, you need to know the difference between ‘profit’ and ‘cash flow’. At first it might seem like they measure the same thing, but profit and cash flow are different and it’s important to know how each one affects your business.

Living the dream: How to improve your business’ performance

A lot of people dream of owning their own business—doing what they love, being the boss, and making a fortune. But then the harsh reality of owning and running a business takes over. Thankfully there are ways to improve your business.

The real reason your business is bleeding cash–and how to fix it

Imagine that your business is in trouble. It’s practically bleeding cash, and you’re rapidly losing customers. In short, your business is dying. And unless you find regular and profitable customers soon it’s going to flatline. Fortunately, most businesses can make a full recovery providing they receive the right treatment and it’s administered quickly.

3 steps to better business profits than 70% of your competition

Every business owner should have a strategy in place to increase the profits of their business. Makes sense, doesn’t it? And yet 70% of the people I’ve spoken to who own small and medium-sized businesses don’t even have a basic strategy in place. What they have instead are excuses.

Business health check: What you can’t see can still hurt you

As human beings, we are heavily influenced by what we see. By looking at a given situation we can see how ‘healthy’ it is, and what needs to be done to make things better. Almost like a visual health check. Unfortunately, some of the tell-tale signs your business is in trouble aren’t so easily spotted.

Getting Things Done: A Skill That Should be Taught in Schools

Success in business requires a number of essential ingredients. A sound strategy. A robust business model. Effective planning. Strong financial control and bookkeeping. A good team. Great systems. Measurement. Focus. But you know what? Even all those elements are not enough without this skill: “Getting Things Done.”

Assessing trends and dealing with ‘what ifs’

Many of the ‘dramatic’ changes that impact on mature business models were reasonably predictable. As business operators, it’s important to constantly assess the impact of trends on our current business and product range and work toward the ‘what ifs’.

4 of the most common financial mistakes small businesses make (and how to avoid them)

Many small business owners are entrepreneurs who went into business seeking freedom, a better lifestyle, more money or simply because they wanted to run their own show. As such, it is only to be expected that business owners make financial mistakes which can jeopardize their dreams.

Stop your business from growing to death

Most people are not surprised when a start-up business fails. But it’s not just start-ups that grow to death; it’s also a common cause of business failure for mature businesses. For the more mature business, growing to death is often the result of unplanned growth opportunities.

Business structures and restructures: Is your structure working against you?

Many business owners don’t realise that the business has outgrown its structure until something comes up – and this something is usually something negative.

How to kick-start your small business – 10 more ideas

Lots of great ideas but struggling to put them into action? Here are 10 more ways we can help you to kick-start your small business.

So, you want to start a business?

Planning your small business right from the start will increase your chances of success. Getting the right advice creates the clear road map you need.

Employers: Want to improve employee performance? First improve your communication…

How can you hope to improve employee performance if you’re not talking to them? One-on-one meetings should be part of your weekly schedule…here’s why.

Want to increase profits in your small business? 5 ways to make it happen

Profits down? That can get a business into trouble quickly so working out how to increase profits in your small business is vital. Here are the 5 top ways…

Increase profit in your business by smart use of technology

Technology is the “great enabler” but make sure it’s serving you by enabling you to increase profits. Don’t be tempted to lower prices to compete. Here’s why…

Get real: Business planning reality for small businesses

7 crucial aspects a small business owner needs to face up to, not just in their business planning but in their mindset and thinking.

Thinking of selling? Maximise the value of your small business with an exit plan

If you don’t have an exit plan for your small business 12-36 months in advance of selling, you won’t maximise its value. Don’t settle for less…follow these tips.

Working from home and claiming deductions

Keep on top of your numbers in an efficient, accurate and timely manner. We advise on the systems and processes to administer this. Or, utilise our bookkeeping and accounting services to free up your time.

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