When Life Gives You Lemons …
Winston Churchill once said “A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty” and I think this is just as relevant in todays climate as much as it was when he first said it. The definition of luck is when ‘preparedness meets opportunity’ [...]
Does Your Business Model Still Cut It?
The business world in this millennium is certainly one that is forever changing and in some cases the old tried and tested business models that owners have relied on in the past are just not delivering the growth, profit, customer or staff satisfaction or shareholder returns that they used to. [...]
The Importance of Diversification in Business
Whether you’re setting up a business plan for a new business venture or are compiling a business development plan for an existing business it’s important to undertake a SWOT analysis. Part of a SWOT analysis is to minimise weaknesses in a business and one thing that is overlooked is how [...]
Achieving Financial Freedom with Your Business
Many people start a business in order to achieve financial freedom, but instead may end up with less freedom and more stress! Many assumptions can be made before going into business which is why the first question you need to ask yourself is what are you hoping to achieve? Financial [...]
Keeping Control of Your Cash Flow as a Small Business Owner
Cash flow is the lifeblood of a business, however all businesses no matter how big or small they are encounter cash flow challenges. According to a report by the Australian Small Business Family Enterprise Ombudsman positive cash flow was cited as among the top three stress points for business operators. [...]
Thinking of Selling Your Business?
If you know that you are going to want to sell your business you need to start having that conversation with your business advisor and/or accountant at least 2-4 years before you want to sell. As it takes on average between 6-12 months to actually sell a business, this allows [...]