1.Assess your current position – do a cashflow forecast If you don’t know how to do a cashflow forecast, ask your bookkeeper or accountant to set one up for your business. Itemise all your expected expenses over the next... read more
Through each stage of your life you will focus on issues that are relevant at that time. Wealth creation is no different. Following are some practical ideas and strategies to help you save, create and protect your wealth, regardless... read more
The problem with most of us is that we give credit to our customers but do not enforce the payment terms, for example how many of us have 14 day terms that we allow to reach 30 days before... read more
Twelve months ago (due to the Global Financial Crisis) the Federal Government instructed the Australian Taxation Office to give small businesses a bit of a ‘break’ if they were having trouble paying their Business Activity Statement debts. There are... read more
One item that can be imperative to your success in business is your cost of sales (COS). So can this figure be improved upon? Absolutely, you just need to work with what you have. Your business type will influence... read more
If Financial Ignorance = Bliss, you’ll be Blissfully Broke… Imagine for a moment that you are playing an important game of tennis. It’s the club final and you are the favourite. There is a big crowd and as the... read more
If Financial Ignorance = Bliss, you’ll be Blissfully Broke… Imagine for a moment that you are playing an important game of tennis. It’s the club final and you are the favourite. There is a big crowd and as the... read more
As a MYOB Certified Consultant I come across many businesses that send sales invoices to their customers without the minimum information required to pay them. By not clearly showing payment options, the due date or by not meeting the... read more
We put so much heart into our businesses, nurture them lovingly, thrill at their growth spurts, anguish through their hard times. We’re inventive, creative, adaptable and persistent. Our business is about our life, our lifestyle, the people we touch... read more
63% of participants in our recent Wealth Plan survey indicated that they have a financial plan. The most popular wealth strategies included business (74%), savings (52%) and investment property (48%). Despite participants’ reliance on business as their overall primary... read more
According to the Australian Government’s Mid Year Economic and Fiscal Outlook 2008-09, the global financial crisis has not only entered a new and dangerous phase, but we are currently experiencing the most significant upheaval in global financial markets since... read more
63% of participants in our recent Wealth Plan survey indicated that they have a financial plan. The most popular wealth strategies included business (74%), savings (52%) and investment property (48%). Despite participants’ reliance on business as their overall primary... read more
