Tag: Strategy

A successful succession plan depends on more than agreements and financial structures. The people involved are what ultimately determine whether the transition is smooth or difficult. Preparing the next generation for leadership requires clarity, communication and a steady focus on building capability long before the handover takes place. This preparation matters whether the successor is…

A successful business succession plan needs more than good intentions and a willing successor. The structure behind the handover is what protects the value you have built and ensures the next person steps into a stable and well-supported business. This stage of the succession journey focuses on the technical aspects of the work. It is…

When you start thinking about succession or selling your business, one of the first questions that comes up is, “What is my business worth?” Many business owners have a figure in mind, but it is often based on gut feeling rather than evidence. The reality is, the value of your business is determined by more…

In my last article, I talked about why every business needs a succession plan. This time, let’s look at how to get started. Succession planning is not just about what happens when you step away. It is about setting your business up so it can continue to thrive without you. The earlier you begin, the…

Succession planning is one of the most crucial steps a business owner can take to secure the future of their business. Yet, in my experience, it is also one of the most overlooked. Many owners recognise the need for a plan, but often put it off because it seems complicated or uncomfortable. The truth is,…

If you manage your own SMSF, you’re likely focused on investments, contributions, and tax planning. But what happens if you lose capacity or pass away without the right documents in place? Many SMSF trustees overlook two key pieces of documentation that protect the fund and your intentions: a valid Enduring Power of Attorney (EPOA) and…

Running your own SMSF gives you more control over your retirement savings, but with that control comes responsibility. From the moment your fund is set up, there are strict rules to follow. And unfortunately, many of the most common SMSF breaches are avoidable with the right advice and systems in place. If you’re planning for…

Buying property through your SMSF can be a great strategy, especially if you’re looking to invest in business premises. But SMSF borrowing comes with strict rules, added complexity, and often higher costs. Before you start the process, it’s important to understand what’s actually allowed and where the risks lie. How SMSF Borrowing Works Your SMSF…

Self-Managed Super Funds (SMSFs) often make headlines for the wrong reasons. If you’ve been wondering whether an SMSF is worth considering, or you already have one but want to make it work harder for you, let’s cut through the noise. At Sharp Accounting, we work with business owners and individuals who want to take more…

Once you’ve set clear goals, built a practical budget, and defined your growth targets, the next step is action. But growth doesn’t come from doing more of everything; it comes from doing the right things, in the right markets, for the right customers. At Sharp Accounting, we help business owners assess which growth opportunities are…

Growth doesn’t happen by accident. It takes clear goals, focused planning, and consistent follow-through. We work with business owners to set direction, build momentum, and stay accountable to the targets that matter, which becomes your roadmap to business growth. Define the Right Goals Vague ambitions like “grow the business” don’t cut it. To achieve real…

As the new financial year approaches, many business owners are focused on strategy, structure and setting clear goals for the year ahead. One area that can significantly influence your growth is business development. We may be the strategic partner you did not realise you needed. At Sharp Accounting, we do more than look after your…