We are so busy in our lives today. Decisions are made instantaneously, but knee-jerk reactions are often the wrong course of action. Taking the time to evaluate a situation can lead to a more informed decision and a better result in the long term.
Equip yourself to make the best business decisions possible by insisting on financial reports that reflect your needs as a business owner.
From the moment she finished high school, Annette stepped straight into accounting. Annette has held a range of roles, from working in the QLD Treasury and Minister’s Office accounts departments, to being an Accounts Manager in private enterprise, but it was being in public practice… Read More >>
Sales opportunities are the lifeblood of many businesses Yet too often they are either missed or salespeople drop the ball during the sales process. This can be because they neglect important systems that contribute to sales success. In this article, we focus on key business… Read More >>
Financial forecasts assist in managing your finances. They are future predictions of your business finances, as compared to statements, which provide details of actual results of progress. The following are five ways forecasting can help your business: Focus on the Future By forecasting on a… Read More >>
Our hearts go out to business owners at this time of year. Not only is there a lot of prep to be done around the financial year-end this year and every year, but it can be an anxious time for some if they’re only getting… Read More >>
5 ways to safeguard your business cash flow The survival of many small businesses depends largely on the ability to manage cash. Retailers may need to pay in advance for bulk purchases ahead of the holidays. Hospitality businesses need to make signage and equipment prominent to acquire… Read More >>
You can run a profitable business but, unless you have cash flow under control, the odds are against you. According to Dun and Bradstreet, 90 percent of small business failures are caused by poor cash flow management. Want to make sure you’re not just another… Read More >>
Being in business means you’re always budgeting. This includes forecasting your sales and identifying your Key Performance Indicators (KPIs) so that you can start to prepare the budget. Good news though: once you have your budget, you have targets for your team to meet so… Read More >>
In 2005, OBT guest blogger Colin Dunn undertook a survey of 1,500 business owners asking what additional help they needed from their accountant. At that time, 58% of respondents said that they needed more help from their help in managing their cash flow. Colin writes:… Read More >>