Tag: Business Advice

Buying a business premises is similar to buying a house however, there are a few differences. First, you’ll need to undertake a thorough due diligence process, which includes things like: If you need to obtain finance, allow long enough for your bank to settle; typically 60-90 days. You will also likely need a much larger…

We’re lucky enough to work with hundreds of small businesses across Victoria, so we have seen a lot in terms of business performance and lack thereof. If you feel your business has become a little humdrum, here are a few tips to shake up and shape up your business. Review your business finances with a…

A business failure doesn’t have to mean the end of the world. A failure might actually be the beginning of a much stronger and more resilient business. Here are the things you should consider and take away from a business failure. The blame game It can be hard not to blame others, or extenuating circumstances…

If you feel like your business is getting you down and you’re just wanting to keep up with the Joneses, ask yourself why you got into business in the first place.

Sharp Accounting’s Glenn Sharp & Ewen Fletcher talk about why business succession planning is so important. You might not like to think about it, but one day you will inevitably need to leave your business. Whether it’s to retire, to move on to something else, a partnership dispute, or for health reasons, a succession (or…

A lot of our clients will come to us with concerns around where they are heading in their life and what their retirement might be looking like. So although we don’t necessarily do a lot of financial planning ourselves, we do a lot of wealth creation advice for clients. We have a Ballarat financial planner…

Hi, I’m Glenn Sharp from Sharp Accounting and we’re back with ‘Ask Sharpy’. My business isn’t working for me, what should I do? The first thing that we would normally delve into with clients in this situation is to bring you back to the main reasons why you got into business.  Most people when they…

Hi its Ewen Fletcher from Sharp Accounting. In this weeks cash flow video we are going to look at supplier credit terms. Now what are we talking about here? Well you’d be familiar with your customer terms. As in how long and how many days you provide credit to your customers if you do provide credit. That…

Hi, I’m Glenn Sharp from Sharp Accounting and welcome to our weekly ‘Ask Sharpy’ video. Why should I seek advice? When you’re in business, I use an analogy, similar to a football team. In a football team, the players don’t just run around and look after themselves, you’ve got a coaching team. Over the top…