One of the common dilemmas that I’ve noticed during my 12 years of consulting to small business is that some business owners have com-pletely lost sight of why they decided to go into business in the first place! Many... read more
Every business person knows that every business needs a plan. However, too many companies spend a lot of time and money putting together a business plan that then sits on a shelf and is never seen again. What’s the... read more
There will be times when your product will require a touch of creative flair, but you don’t have the resources and budget to have it designed by a professional. By using your good sense and eye for detail and... read more
What an exciting thing to do – develop a business! For me it’s about alchemy – that amazing mysterious process of creating something wonderfully valuable out of bits and pieces. It reads like a recipe book, really. Take one... read more
If you don’t know where you’re heading, any road will get you there! Start with a plan. Why do we need to plan? A good business plan will guide your business, help you make informed choices and remain focused.... read more
Are you thinking of taking the plunge, quitting your job and diving into the wonderful world of business? Or perhaps you’ve already done it and are now sitting in your home office, terrified and wondering what to do next?... read more
Your goals are WHAT you want to achieve, where you want to go. But to achieve them you should also look at the WHO of the project: the sort of person you would need to be and how you... read more
Your first Business Activity Statement (BAS) is due for lodgment on 11 November 2000. Following are 10 things you must remember to do in relation to its preparation. 1. Record Keeping The Commissioner has advised that everyone who lodges... read more
Franchising is fast becoming one of the most popular ways to do business in Australia. It offers small businesses a way to become established with all the benefits of a larger business. A well ordered and efficiently run franchise... read more
A Balance Sheet includes: Assets Assets are the positive items that a business owns. Assets include mainly Cash in the Bank, Monies owing from customers (Debtors), Motor Vehicles, Plant & Equipment, and Office Equipment. Assets can be broken up... read more
It’s time to dust off your business plan Raising capital is obviously an essential function of any business plan, but a well-prepared plan can provide the business owner many other benefits. It can help her realistically assess her expectations... read more
For a number of years now, mortgage interest rates have been at historical lows in much of the Western world, in some cases at 40-year lows. The general consensus is that low rates mean low mortgage interest payments, and... read more
