Profit & cashflow

TRADIE VOUCHER SCHEME – MAKE SURE YOU DONT MISS THE REAL OPPORTUNITY

In the last couple of weeks there has been much fanfare about the reintroduction of the Tradie Voucher Scheme which has proved popular with tradies and their customers. Many believe that the vouchers make a critical contribution towards helping people stay in business until the Territory economy turns around. The government has listened and while …

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IMPROVE YOUR PROFIT: HOW TO IDENTIFY AND REMOVE WASTE FROM YOUR BUSINESS

A great deal of research has been conducted into assessing the impact of wasteful business practices and their cost to individual businesses. This research was first widely published by Toyota in relation to their manufacturing activities but has since been replicated across many business types. A common benchmark is that wasteful (i.e. inefficient or ineffective) …

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A TALE OF THREE BUSINESSES: THE GOOD THE BAD AND THE UGLY

This is a story about cashflow, profitability, record keeping and when to seek advice. It happened to me last week but actually I have seen it before and it happens every day right across Australia. It demonstrates some simple lessons which every business owner can learn from – regardless of whether they are managing a …

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TIMES ARE TOUGH: BUT IS IT YOU OR THE ECONOMY THAT’S THE PROBLEM?

The latest ASIC figures on company failures show a progressive ten year increase in the number of reported insolvencies. Over the 2014/15 year 20,018 companies in Australia were declared insolvent. While this was down from the 2013/14 figure of 22,600, reported insolvencies in the Northern Territory actually increased 52% from 57 to 87. Lots of …

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