That your business becomes as profitable as it can be (on a cash basis). Profit pays debt, profit drives the business forward and profit gives you the reward for all your hard work.
Your Business Angels -
Don’t just grind on in your business – please.
Recreation and re-creation seem to be the same word. Recreation, such as swimming and fishing, are activities for enjoyment when not working. Re-creation is to form anew. Having a break and suddenly thinking of something grand for your business is the process of re-creation. It’s Christmas time and a time to slow down or stop […]
Let’s talk to single-operator business owners
On June 30, 2021, there were 2,402,254 actively trading businesses in the Australian economy. Of these, 62% or 1,416,664 of these enterprises are single operator businesses. Most businesses in Australia are enterprises run by one person. If you are in this group you are part of a significant contributor to our economy. Do you fall within […]
Some thoughts about Finance
Invoice Finance – No, it’s not factoring.
It may look like Factoring, but it’s not. And that the problem we sometimes have in explaining what the difference between invoice finance and what a factoring company does is the foremost hurdle to presenting to clients why we think Invoice finance is better. What Invoice finance does is finance one invoice. Just one, and when […]
In business, as in life, opportunity comes typically heavily disguised as complex problems with insurmountable barriers. We so often walk past actions, processes and opportunities that can make a real difference to our business because we believe it’s too far away for us to reach. In so many business cases, it’s a matter of immediate […]
Will you buy a car when you finally get to fly to the Gold Coast for a holiday?
So it looks like we can finally go to the Gold Coast or somewhere else for a holiday, as the border restrictions come down. Getting out from where we are is undoubtedly going to be a relief. I might go a bit further north to the Whitsundays, fly into Proserpine Airport and cruise around there […]
Why did you go into business?
So often, the answer is I had to, or I didn’t have a choice. Typically, when asking a tradie why he started his own business, it was because when he finished his apprenticeship, he had to get an ABN to keep working. So many people have lost their job and had to go back as […]
Stress is cumulative. The stress of COVID may have built up in you through stress
The stress of COVID may have built up in you through stress Our mental health system is screwed. I know people desperate to see a psychologist, and they can be waiting months or years for help. The damage of the lockdowns will be with us for years and many for the rest of their lives. YBA […]
Name ten sexy things about seeing your accountant – I’m waiting – no? OK, name one!
Probably most people see the accountant as the person who tells you how much tax you must pay. “Here is your BAS, now pay it – here is your company or personal returns, now pay it”. To give the accountants their dues, there is often a lot to get to that point. The guide (just […]
Message to client 4 – Exterminate – Exterminate
If you are a lover of Dr Who you will know about the Daleks. The Daleks areviolent, merciless, and pitiless cyborg aliens, who demand total conformity to their will. No, they are not the people who run the Australian Taxation Office or Victorian Workcover, though one does occasionally see the similarity. What I am most interested […]
Message to Client 3 – Hoops and grief – but it may be for you
We are always reluctant about talking about Government-assisted loans because There are more hoops than you can imagine jumping through. The application raises hope, and remember this isn’t like the stimulus package; you still must get through the finance company and In the end, for every $1,000 you borrowed, you had a $1,000 worth of […]
Message to Client 2 – Spend more time thinking about your supply chain
Nick, a client and friend of ours, gave us a “heads up” a few weeks ago on how bad supplies are getting, and he had a significant concern that goods he needs for his manufacturing business will be held up in port. A review of managing materials on a job or in your business may […]
Message to Client 1 – Checking up on you
Closing more tax loopholes As the Australian Taxation Authority find small and large ways people avoid declaring their income or fudging expenses, then they create law that allows then to peek into things by having the taxpayer report to them directly on income or expenses. Our attitude is that if we and our clients are […]
Advice to Your Business Angels clients on quoting
Review your quoting and even get legal advice to write new quotes. Why – because material costs won’t stay still, and you do not want to be locked into a quote, where materials have belted through the roof, and you are left subsidising your client’s job by paying out more materials – a lot more for […]
Your Business Angels are doing OK, and I have been looking for “something” we can do to help those in need during the lockdown.
I keep thinking we all dodged a bullet in how we have all been managing to keep going. I have been looking for something for our company to do that you all would all be proud of, and I have found that. Alan Chong started a restaurant just before lockdown, saying, “he wasn’t balance sheet strong”. He runs […]