Think of businesses that you love to buy from, where you enjoy the experience and feel like you are in important customer or client. Would your business pass this test? I recently heard of a bakery in Melbourne that... read more
When you started out in your business you would have had a picture of what you wanted the business to look like. You would have taken the good parts of companies you’d worked for in the past and put... read more
Transactions, customers and turnovers are essential components of every business. An understanding of your financial reports means that you can start to focus on specific numbers like these. I subscribe to the two well-used phrases about measuring and focusing... read more
Free cashflow is imperative for a successful business. Unfortunately, too many small businesses don’t have sufficient funding and this can be catastrophic. Cashflow is the lifeblood of the business. The difficulty can be in knowing exactly how much you... read more
Successful business owners review their financial reports on a regular basis. Small business owners can put in place systems and procedures to obtain the same benefits that the big companies get from having a regular monthly management report and... read more
Another calendar year is almost over and that means that we’re almost half way through the financial year. When the silly season is over, it is a great time to take stock of your trading results for the half... read more
Cloud accounting is coming of age with more and more of the software companies providing online solutions. The original cloud providers, like Xero, listed many benefits which differentiated the cloud solutions from the mainstream desktop accounting software. The benefits... read more
I’ve learnt a valuable lesson today. Be aware, be very aware when you sign up for online services – specifically the ones which are for 12 months. What is written in small print is their right to auto-renew your... read more
For many businesses, particularly in the startup phase and when the business is growing, you pay yourself last with whatever money you feel you can afford to take from the business. Let’s face it, it is called “take home”.... read more
As women in business, we too often feel intimidated by the men in suit brigade, particularly the accountants. Meetings with accountants so often become a simple “Sign here, you don’t need to know the details. You have x dollars... read more
I grew up in Canada where snow was normal. Snow-ploughs cleared the main roads, sand and salt were spread on the side roads to reduce the ice and provide more grip for driving, snow tires were put on cars... read more
When I ask a group of businesswomen what are their biggest challenges, the answers I get every time are marketing and cashflow. And yet, when asked in a public forum to nominate financial goals, there’s a wall of silence.... read more
