It’s an unpleasant reality of running a business – sometimes you’re going to have to cut costs. You only have to look at the sobering examples of Holden and Toyota announcing they’ll take their car manufacturing operations overseas, which will … Read More
Going into business can be a very rewarding experience, and going out of business making a profit can be even sweeter. However, it is estimated that only 21% of businesses owners ever sell their business. Many business owners believe that … Read More
The old adage “You don’t know what you don’t know” applies to many areas of life, including what you can claim on tax. Small business owners are generally well clued up as to what they can claim as a tax-deductible … Read More
Net Profit is King! Not Cashflow Economic researchers claim that 80% of businesses go out of business in the first 5 years and 50% in the first year. These percentages are staggeringly high. Most business owners think that cash … Read More
You’ll hear me talking about numbers a lot, I guess I can’t help it, being an Accountant and Financial Planner. In my article “Net Profit is King” I talked about the importance of setting healthy profit margins for your business. … Read More
All Tradies know how important numbers are for their business success. In fact, without the ability to measure up the job and use these numbers to get the job done right, Bob the Tradie, who was the example we’ve used … Read More
Can you imagine what a Tradie would do without a measuring tape? If you’re in the building, plumbing or painting industry, having the right measurements is absolutely critical. Without the right measurements, doors and windows wouldn’t close, plumbing fittings would … Read More
A friend of mine, who’s running a tradie business, had a bit of a cry on my shoulder recently. He was saying how he was struggling after the holidays to pay his provider accounts and have enough to pay his … Read More
The beginning of the year is always so full of promise, and I’m not sure about you, but I really enjoy turning onto a new page and make a business plan for the next year. As this time is also … Read More
Have you ever asked yourself: If you went away for a couple of months on holidays, or (heaven forbid) had an accident involving weeks in hospital, what would happen to your business? I’m sure you’ve had situations in your life … Read More