How accountability can transform your business
Running a business can be overwhelming, especially when you’re trying to juggle every responsibility on your own or with limited support. As a business owner myself, I know all too well that it’s common to get caught in a cycle of endless tasks and competing priorities. With no one to hold you accountable, it can […]
Direction is More Important Than Speed When Growing a Business
In the fast-paced world of business, it’s easy to believe that speed is everything. We often hear about businesses scaling quickly, launching product after product, and hustling to outpace the competition. Business owners often think that growing fast will solve their problems, but growth without clear direction can lead to more chaos than progress. This […]
5 tips for building strong financial habits
In the fast-paced world of startups and business growth, building strong financial habits often gets overlooked. Financial habits include consistent behaviours and practices that you regularly undertake to maintain and grow your business. I am a strong believer in cultivating solid financial habits that align with your growth mindset to build and grow a successful […]
Being proactive with your finances
Managing your finances effectively requires more than just reacting to financial challenges as they arise. Being proactive with your finances involves making a plan, developing strategies, and taking consistent action to achieve your financial goals. I encourage you to start being proactive with your finances today for a brighter and more financially stable tomorrow. Being […]
How to plan for the new financial year (and make it fun!)
As we head into the start of a new financial year, it’s important to take a step back and reflect on the previous year’s financial performance. This is the perfect time to evaluate what worked well, what didn’t, and identify areas for improvement. Planning can often feel like a daunting task, but it doesn’t […]
Building a lean business
Building a lean business is a popular concept among businesses that want to achieve growth and success while minimising waste and maximising efficiency. In a lean business, the focus is on doing more using fewer resources, reducing costs, and improving overall performance. It’s all about working smarter, not harder! Building a lean business is a […]
Are you breaking down the key targets to achieve business growth?
‘A business is like an automobile: It has to be driven in order to get results.’ – B C Forbes
Taking this even further, in order for the automobile to be driven for performance you also need to know what gear shifts to make and when.
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.
