Business Advice

If you could sit down with some of the most successful people in business and learn all the lessons of success that they had taken a lifetime to gather. Do you think that would help you to be more successful   What if you could sit down with one hundred of the most successful people who ever lived and learnt their rules, their lessons and their secrets of success? W...

The fundamental principles of selling a business are the same as selling anything, including whatever the business sells. The best businesses have a sales system and documented processes. They also sell on value rather than hourly rates or other ‘per widget’ metrics. But most business owners have either never sold a business or only very rarely. It comes as no...

Selling your business can be stressful, but it’s also the chance to move onto new ventures. This process involves considering what you want the future of the business to look like, what assets you want to sell, and the taxes you may be liable for. Regardless of how you choose to sell your business, make sure you follow these 3 steps when searching for the right purch...

Being successful in securing equity investment from private investors is about more than just the nature of the deal, the team, the financial viability, and the supporting market data. You also need to understand the mindset of investors because it should influence everything you do to present your deal in the best possible light. For the last thirty years, Paul Lange, fo...

Business plans are not a new concept, most of us have seen them and have a fair (if theoretical) idea of their value. Despite a lot of interest from business owners who seem enthusiastic, what I have seen over the last 15 years is a long way from that enthusiasm. My estimate is that less than five percent ever had a business plan. Gurus and experts love to spruik all sort...

  Many small and medium sized businesses experience regular cashflow problems. It is more common than you may think and it becomes a balancing act, or a poorly choreographed juggling attempt. A clear head is the number one ingredient, not yours, your thinking is hampered by stress. You need someone that offers substantial business experience and sound advice. Don&r...

Although bank interest rates are at record lows in Australia, many potential franchisees still can’t raise the finance to acquire a franchise and are increasingly turning to non-bank lenders, particularly their parents and family members. The Franchise Advisory Centre estimates around 10% of new franchisees are now funded or underwritten by family finance, which it ...

Have you started to eat lunch or have a snack during a busy day when you get interrupted? Have you ever taken a couple of bites from of an apple and have to put it down to take care of something? The problem is when you come back, your apple has started to turn brown and just doesn`t look as appetizing as it did. The same thing can happen to your labour margin. If you &...

With time becoming an increasingly scarce commodity, employees are now placing greater value on their own personal time. For businesses to prosper, employers need to pay great attention to employee conditions and remuneration. Flexible working arrangements allow a greater choice of ways for employees to access the necessary time to complete their tasks. This shows that t...

While more people are taking up franchising as a way to buy a job, a communications expert is warning franchisors to think carefully about who they sell a franchise to, rather than focussing on simply selling a licence to anyone keen to buy it. Mike Irving of Advanced Business Abilities says some franchisees lack the right personality profile and disposition to make their...