National Farmers’ Federation (NFF) said the grants were a part of the Federal Government’s smart farm program. Farmers and regional communities are urged, through farming systems and natural resource management groups to put their heads together and develop project ideas covered under the program. Eligible works include those… Read More >>
The trend is for everyone to be as busy as possible! Here’s why that’s a bad idea. Learn how to free up your mind to focus on how to build a great business. Warren A Rustand is an entrepreneur, an educator, Past Chairman of the… Read More >>
Cultural fit is a concept that can be hard to define But everyone knows when it is missing Simply put, cultural fit is the likelihood that a person will be able to effortlessly live your business core values and behaviours. If you assess cultural fit… Read More >>
Efficient Systems Create a Better Experience for Customers and You The business that leads in the race for customers is the business that has all its systems integrated and working smoothly together. A business that has an infallible billing system, acceptable customer service but has… Read More >>
The process involves the transfer of managerial control, assets, ownership and an occupation. Successors must be selected and groomed. The timing of the transition and managing the entry and exit of family members is one part of the process. Estate planning and the preservation of… Read More >>
Succession is often viewed as ‘who gets what and when’. This is but one small part of the succession process. Effective succession planning does actually involve a journey or a process rather than simply sitting down and writing a plan. Often the plan itself is really… Read More >>
Want to maximise your business wealth before you sell your business? If so, you’ll need your staff to be focussed and engaged to do this. Some possible concerns to address may be: You are not sure what your business is worth Your business is ‘owner reliant’ No formal succession plan Past staff… Read More >>
More than a few pretty graphs Xero’s Business Performance dashboard was released last week and marks the start of a new wave of Xero functionality with new, more powerful insights into the health and performance of your business.
Staff and succession case study: manufacturing business Background We recently advised a manufacturing business planning to reward employees with bonuses and successors with shares in the business. The four directors believed their business to be an employer of choice and had been discussing employee bonuses and… Read More >>
A business that runs on systems and processes, therefore reducing owner reliance, is intrinsically more valuable than one that places a significant operational reliance on owners. The pace at which technology is developing can be daunting, yet few properly understand the leverage it offers.