Strategy

ARE YOU ON THE RIGHT TRACK? – HOW TO KNOW IF YOUR BUSINESS IS SUCCESSFUL

Everyone wants to know whether their business is successful but they often ask the wrong person. The best person to ask is you: Don’t let other people define your success. Most of us are in business to generate cash to fund our lifestyles but there are usually trade-offs that are necessary to achieve this. Looking …

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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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