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Business Systems

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Every business owner should be focused on his or her prospective customers. The ability to find a customer, sell your product or service to that customer, and satisfy the customer so that he/she buys from you again should be the central focus of all your business a...
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Selling a Business

May 4, 2019

Business Structures

May 4, 2019
Your business structure should take account of the following factors: Risk. Business is a very risky place and your business structure should minimise risk as much as possible. Often ignored until it’s too late e.g. when the GST or rent is months in arrears! Practicality. ...
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Every business owner needs reliable figures to regularly check on business performance.  Collecting data is useful in setting realistic targets towards increasing your profitability in 2015, and gives a baseline for monitoring your business throughout the year. Types of...
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Buying a Franchise

May 4, 2019
Preparing an annual cash flow forecast can tell you a lot about your business. It can warn you with plenty of time to spare that you’re not going to have enough cash to survive the next year without getting additional working capital — which is vitally important...
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Your annual financial statements have their uses, but by their very nature, they are far too historical to be of any use in managing or improving your business.The most valuable financial accounts you can get your hands on are interim accounts prepared periodically &mda...
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Simple Business Systems

September 4, 2018
I’ve said this before (and no doubt I’ll say it again) but I’m always surprised at the lack of simple systems utilised in owner-managed businesses. Using the word “systems” can be off-putting because people immediately think it’s going to be too complex, too cost...
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