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Blog2018-11-01T11:48:42+00:00

PLANNING – Bridging the Knowledge Gap

Many new businesses fail because their owners lack basic business knowledge such as the role of a balance sheet and how to improve cash flow. Research conducted found one in 10 entrepreneurs surveyed couldn’t answer correctly any of 10 questions in a quiz on key accounting concept (Intuit Australia research). Of 400 start-up owners surveyed

By |October 26th, 2018|Categories: Uncategorized|0 Comments

HOW MUCH SHOULD YOU PAY YOURSELF?

You started your own business to do something you love and make money. But how much should you pay yourself? Too little and you may struggle to survive. Too much and your business might be at risk. So how to strike the right balance? If you are a new business owner, don’t make the common

By |October 26th, 2018|Categories: Uncategorized|0 Comments

SUCCESSION PLANNING IN A FAMILY OPERATED BUSINESS IS ESSENTIAL.

It is estimated that Australia’s Family Operated businesses generate a turnover of $4.3 per annum. In the main family businesses in Australia are "generationally young" and are dominated by the early-stage entrepreneurs that founded them. Families are playing with fire if the fail to consider a properly thought-out business succession plan. The founding generation of

By |October 26th, 2018|Categories: Uncategorized|0 Comments

Can a Business Consultant help you run your business?

There comes a point in every business when the owner realizes they need advice and wonders, “Should I hire a consultant?” and, as with most things in life, the answer is, “It depends.” Whether you’re starting a new company or growing an existing business, hiring the right consultant can be a cost-effective way for your

By |October 26th, 2018|Categories: Uncategorized|0 Comments

Dreaming of starting-up a Small Business?

A lot of successful companies started out small. Many got started as a hobby or a leisure pursuit. All of them became successful not by accident but, by careful planning, by being good at what they do and by fulfilling customers’ needs and expectations. The mortality rate of new enterprises continues to be extremely high,

By |October 26th, 2018|Categories: Uncategorized|0 Comments

4 Types of Mentors in Your Business Life

Below are the four different types of mentors you should have around you. It doesn't mean there aren't more than this, but these are the most common ones. I call them the 4 C's. 1. The Coach. Growing up, your parents will be your first coaches. If they're good, they'll encourage you when you're down, listen,

By |October 26th, 2018|Categories: Uncategorized|0 Comments

Valuable Tips for Growing Your Business

It takes a lot of things to run a successful business.  To start, you have to have a product or service that’s wanted or needed, and it has to be properly priced. That’s just the beginning. In order to have a successful business, there are some critical things to have in place if you want

By |October 26th, 2018|Categories: Uncategorized|0 Comments

Productivity Tips to Change your Life

Dreaming of quadrupling your income, decrease your workload and expanded your business faster? How? Simple: Intentional productivity. 1. Employ time-blocking. Having a to-do list is not a bad thing in itself. But why do so many people create a huge to-do list and never accomplish the items on it? A list alone is not enough. You need to actually

By |October 26th, 2018|Categories: Uncategorized|0 Comments