We've learned a lot about growing business health, profitability and value through our 50 years of collective experience - we would like to share some of those insights with you
Going to the doctor is one of those things that people tend to avoid. When we’re healthy, we don’t want to make the trip for our yearly check-up, and when we’re not feeling well, we tend to think whatever is bothering us will simply pass. From the outside, we know that these are not…Read More
The beginning of a new financial year is an exciting time. New opportunities abound, and the feeling of starting off with a clean slate can be refreshing, even in challenging times like 2020. But as always, each financial year presents both the potential for great success and for great failure. If you want to…Read More
We often speak to small business clients about how much they want to grow their businesses, and the very next thing that they tell us is that something is “holding them back”. Curiously, we also find that they are not always clear on what that “something” actually is – or, when we dig a…Read More
Last Friday the National Cabinet gave its first indications of what “Reopening Australia” may broadly look like over the coming months. We will hear a lot more detailed announcements soon about those policy changes. Until now, much of our business debate has been about how and when social distancing and travel rules will…Read More
There are times when every business faces obstacles to “business as usual”, and it can’t keep on doing what it has always done before, for reasons beyond its control – eg the 2020 Coronavirus Crisis. For many business owners and leaders, you might find those periods will prevent you from “working in your business”…Read More
In times like this, it can be really tempting to make big cut backs in staffing, marketing, business development, product innovation… you name it, to preserve your cash reserves and financial assets when new orders might be drying up, or confirmed orders are being cancelled. But never cut business value, if you can avoid…Read More
The month of March saw LinkedIn populated with photos of zoom meetings, home office arrangements, and Tom Hanks in Castaway, as the vast majority of the population settled into working from home through the COVID-19 pandemic lockdown. A lot of people seemed to be enjoying at least some aspects of this phase. As one…Read More
In a crisis, managing employee commitments and costs is more important than ever, especially when business owners and leaders are having to make some very hard decisions about their staffing levels while managing their cashflows and trying to preserve the values of their businesses. Now let me stress first of all that, while I…Read More
When navigating business shocks like the Coronavirus Crisis all business owners and leaders need to focus on the “4Cs” of your financial fundamentals: Cash, Customers and Commitments, all culminating in your Cash Flow Forecasting. Cash is King How much cash do you have now in your bank accounts ? Are your bank reconciliations up…Read More
Recently my colleague Tim Sternberg has discussed ways that any business owner can create a “Strategic Plan on a Page” and also how important good data is to all businesses, including ways to make Big Data work for even small businesses. Now I’d like to discuss how Strategic Dashboards will help you execute your…Read More
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