Whilst we continue the quest to reduce costs
If you could reduce costs in your business without cutting your value or service, how would this impact your business sustainability through a downturn or unexpected, uncontrollable change?
“But we’ve always done it that way.” Warning! Warning!
A very wise man Benjamin Franklin once wrote, ‘Remember that time is money.’ This rings true with current business trends when it comes to creating efficiency through automation.
Is your business leading the pack?
When was the last time you looked for opportunities to improve your business? It is incredibly easy to become relaxed and employ a set and forget approach. Could this be causing your business to become stagnant or to get left behind in its industry?
How a business health check can save your cashflow
All too often, I see businesses making tougher decisions than they want to, mostly because cashflow is suddenly and ‘unexplainedly’ tight, even though the business is showing a profit and sales are strong.
Is your business set up for fraud opportunities?
All too often, you hear horrible stories about bookkeepers defrauding businesses – recently, one stealing more than $300,000 from a local business in Western Australia, and last year, a worker stealing almost $1m from a popular Hastings Street restaurant over a number of years. Could you imagine how you would feel if this happened to you?
Develop the sophistication your business needs: The time is now
It’s so easy to get bogged down in the ‘doing’ and daily running of the business that the bigger picture is often forgotten.
The start of a new financial year is a perfect opportunity to review how your business performed last year and put in place a budget and cashflow forecast to set you up for success in the coming financial year – another step for your business becoming more sophisticated.
How reading your financial reports could be the most exciting thing you do today
If you think reading financial reports is low down on your list of priorities in your business (after all, it’s only a report on what has already happened, right?), then think again. Financial reports are one of the most important tools that can help you make some really exciting decisions in your business. But if not done accurately (or not read properly… or at all!), it can lead to some pretty frightening consequences.
Keep your business on track with this easy 90-day one-page strategy
Planning equals results. You need to plan to level up, just like you need to press the button on the elevator to go up. But before you plan, you need to have a good idea of where you’re going.
3 ways to make your business proactive during COVID-19
The COVID-19 crisis has impacted more businesses in more ways than we thought possible.