Business Advice

Business Plans: What is the point?

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...

Selling your business due to mounting debts? Not all is lost!

  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...

Healthy Workplace

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...

Is Your Labour Apple Going Bad?

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 &...

What’s your business worth? – It depends on how you slice it

Considering what your business is worth is essential for any business owner in making decisions. But it’s not just good for identifying the purchase price in the event of a sale or acquisition; it can also be used to establish partnership agreements or dissolution, resolve disputes relating to estate and gift taxation or even assist in something as left-field as divo...

Ground Rules for Buying a Business

Ground rules outlined below can be useful in providing assistance to Purchaser of a Business in finding the right business. 1.  Take Your Time  When buying a business, it is important that purchaser allows for a considerable time (2-4 months) to find an appropriate business. Since buying a business requires a major commitment on purchaser’s part...

How to Get Going and Growing In a Difficult Economy:

In this article we’ll get down to the nitty-gritty of how to get going in a difficult economy. When we’re done, you’ll be armed with a creative, industrious, positive attitude in the face of hard times – the same hard times that cripple your competitors. If you’re reading this article in the middle of a difficult economy – and the chanc...

The Seven Deadly Sins Of Business Valuation

1. PRIDE You think your business is worth a lot of money because you have had it for 15 years. Unfortunately it doesn't matter how long you've run your business. Its the value proposition that you're offering to the buyer that matters. You could have a business that you ran for 20 years and it could be worth nothing or you could have just started up a business and it coul...

Have You Thought About What Your Business Is Worth? When You Come To Sell It, It May Not Be Worth As Much As You Think

In my experience, most business owners don’t start thinking about what their business is worth until they start thinking about getting out. A recent global survey by Grant Thornton identified that 45 percent of Australian owners of privately held businesses are thinking of selling in the next ten years. This figure is only topped by New Zealand, where 69 percent of b...

Don't Sell Your Business Just Because You're 'Over It' Why? It's The Worst Possible Time To Sell

As you and your business enter into your second five years, beware of the symptoms of burnout. We know them all too well. We've been there. This is the time most business owners start thinking about selling. And, just because you feel you are done with the business is not a reason to put it on the market. Bottom line: if you do, you won't get what it's worth. So, here a...

1 2 Last >>