Scaling Up Businesses
What Is The Purpose Of Your Business?
“Your business should be the means to help you achieve the lifestyle you desire and deserve.” Often when I ask a business owner “What’s the purpose of your business?” they tell me what the business does. Something like, “Oh, we make the best custom-designed furniture in Perth.” After a bit of discussion, they finally […]
The Most Dangerous Number In Business Is …
One of anything! The numbers in a business are the instrument panel by which an owner should run his business. It still amazes me how many business owners I talk to have no idea and no interest in their numbers – until it is too late! That’s why there are many businesses out there with […]
Trading Name Deadline Coming
A deadline is approaching don’t miss out! If your business has a ‘trading name’ and the goodwill of your business is associated with it – IT WILL DISAPPEAR FROM 31st OCTOBER 2025 If you are a business owner in Australia, it’s important to understand the concept of a trading name and its relationship to […]
Don’t Miss This End Of Financial Year Opportunity
It’s almost end of financial year, in Australia at least. One of the opportunities which are often overlooked by business owners is the opportunity to review and restructure the chart of accounts in their accounting package. It should be an end of financial year routine for businesses. Why would you want to do that? In […]
A Balance Sheet Is Like An Altimeter
Why Understanding Your Balance Sheet Is Crucial For Your Business Running a business with a faulty balance sheet is like flying an aeroplane with a faulty altimeter. You just wouldn’t do it! This statement may sound exaggerated, but it is not far from the truth. A faulty balance sheet can cause significant problems for your […]