Author: Andrea Ives
- Baking Industry Insights: Boosting Profits Through Average Spend Per CustomerDiscover how a slight decrease in the average spend per customer can significantly impact your bakery’s profitability. In this video, Glenn analyses a case study where a bakery experienced a drop in profitability despite stable customer numbers. Learn strategies to increase per-customer spending, such as upselling and cross-selling, inspired by successful examples like McDonald’s. Implement…
- Sharpen Your Numbers- FAQ: When is the right time to establish a self-managed super fund (SMSF)?Wondering when to establish a self-managed super fund (SMSF)? The answer varies based on your financial strategy and goals. Generally, financial planners suggest having $200k-$250k in combined super for cost benefits. However, it ultimately depends on your plans for those funds. Watch Glenn’s latest video to learn more about the right time for an SMSF…
- Sharpen Your Numbers – FAQ: When should I set up a self managed super fund?Steve from Buninyong asked about setting up an SMSF, a question we’re hearing a lot lately. He wants to know when to set up an SMSF, how much is needed, and what investments are possible. While it’s a complex topic, SMSFs offer flexibility, allowing investments in shares, property, even exotic assets like diamonds or artwork.…
- Sharpen Your Numbers – FAQ: Why can’t I just use spreadsheets for my business?We have another question to share in our latest Sharpen Your Numbers FAQ series; Dave asks the burning question: “Why can’t I just use spreadsheets to manage my business?” Discover why accounting software like Xero is the key to efficient financial management, accurate reporting, and business growth in this short video answered by Glenn. Notice:…
- Seven Causes of Being Poor Cash FlowProfitable businesses can and do fail because of poor cashflow. There are seven key causes of poor cashflow. We can help you fix the causes instead of treating the symptoms.