It’s a well-worn phrase, but cashflow really is the lifeblood of your business. When your cash inflows are greater than your cash outflows, that puts you in a positive cashflow position – giving you the liquid cash needed to trade, improve and grow as a business. But if costs start to outstrip your income, that […]
8 Ways to Save Time (and Money) in Your Business
Like everyone, business owners are always looking for ways to save time. Every minute spent on admin or fixing mistakes is a minute that could be spent on business-building work. When time really is money, it’s worth finding ways to reduce those tedious and repetitive tasks – and technology is the answer. Better billing – Billing […]
Tracking Your Marketing Results – Why It’s Important
When your company is spending money on marketing activity, you want to get a good return on this investment. But, more often than not, businesses spend too little time actually analysing and scrutinising the performance of their marketing campaigns and channels. Once you’ve invested in an expensive promotional campaign, you’ll want to know that the […]
Have You Got a Strategy for a Financially Stress-free Holiday Period?
Christmas holiday breaks are a chance to recharge for the year ahead especially after the year we have had. We look forward to warmer weather and finally setting up an out-of-office email for the break. However, for business owners, this time is a stressful without careful cash-flow planning. Even if you do continue to operate […]
R&D Tax Incentive for Australian Businesses
The Australian Government’s R&D tax incentive provides targeted offsets that aim to encourage more companies to engage in R&D, in order to contribute to a stronger economy. The incentive is designed to encourage research and development activities that companies may not otherwise do due to uncertain returns and risk. What’s involved? The R&DTI offers two […]
Demystifying Your Balance Sheet
Do you understand the story your Balance Sheet tells about your business? It’s important you understand the components of your Balance Sheet and the key ratios that measure the health of your business. 1. It measures the net worth of your business. You Balance Sheet is made up of all of your assets and liabilities; […]
The Importance of Good Leadership in a Crisis
When the going gets tough, your role as leader becomes even more important to the future survival, recovery and success of the business. As we’ve seen during the recent coronavirus pandemic, the 2008 economic crash and many previous downturns, having a strong leader at the helm serves to give your people and strategy some real […]
Cutting Costs or Increasing Your Prices? We Can Help
With more than 85% of SMEs expecting a lower profit in the next nine months, the more prepared you can be for the unexpected, the better. Managing expenses is a good idea at any stage in your business and you may need to consider increasing your prices. Smart ways to get your costs under control […]
Balance Passion and Planning When You Pitch for Funding
Seeking outside funding for your business is a big step. Whether you’re looking to start a new business or expand an existing one, it makes sense to feel a little nervous. But if you combine your passion for your business with detailed financials and meticulous planning, there’s nothing to be afraid of. Have a plan, […]
