Category: Business Tips
- The sixth cause of poor cashflow – overheads are too highThis isn’t typically a place where you’ll find a lot of wastage. Our experience is that business owners are very careful about managing their expenses, and the smaller the business is, the truer that statement is. Having said that, as a business grows, so do the layers of hierarchy. Management control can deteriorate and the…
- Reasons for poor cashflow: number 3Are your stock levels stifling cashflow in your business? Low stock turn means full shelves and an empty bank account. We can help you unlock more cash in your business cashflow.
- Reasons for poor cashflow: number 4The right debt and capital structure makes a huge difference to the cashflow in your business. We can help you prepare a Cashflow Forecast and make simple changes to give you more cash.
- Reasons for poor cashflow: number 1Do you understand your cash lockup? Having your cash locked up in WIP or accounts receivable is a key cause of poor cashflow. We can help you create a Cashflow Management Plan and show you what’s possible, in cold hard cash.
- EOY Business ReviewMake sure you are taking some time to reflect on what worked and what didn’t work over the last 12 months with your business. Ewen explains why this is a great exercise to do while you have some down time.
- Target Setting, Goal Setting & Accountability for Businesses: Make 2023 Your Best Year Yet!The last few years have been extraordinary with extraordinary circumstances that have challenged almost every business owner. To overcome these challenges, we’re working with many of our clients to set targets and goals for the coming 12 months. In this article, we’ll outline how you can approach target setting and goal setting for businesses in…
- What is Your Business Really Worth? And How Can You Increase The Value of Your Business?Many Australian business owners have engaged in little to no exit planning. This is true even for owners with most of their assets tied up in the business. Unfortunately, this is a recipe for disaster when it comes time for you to leave the company – whether that’s due to retirement, an accident or illness,…
- Profit vs cashDo you understand the difference between profit and cash? Are you improving your profits but not seeing an improvement in your bank balance? We can help you increase both your profit and your cash! There’s a massive difference between profit and cash. Let’s explore the differences to make a better plan to increase both. 1.…
- Labour ShortagesEwen takes you through a few ways you can look within your business to help with the ongoing labour challenges in this short video.
- Business Process Improvement: Ramp Up Accuracy & Efficiency, Through Better ProcessesOver time, even the best business processes become inefficient and outdated. Inflexible legacy systems hamper the introduction of technological innovations. In addition, shifts in consumer preferences, changes in market forces, new regulatory policies, and long-established processes affect efficiency, competitiveness, and even your bottom line. Business Process Improvement is the antidote to this. What is Business…
- One Page Business PlanIn this short video, Ewen explains the importance of taking time out of your business to work ON your business.
- Goal Target SettingWhat goals and targets have you set for the year ahead? Ewen explains the importance of setting these each year in this short video to help you get started.