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...

The Pros and Cons of Borrowing from Family to Buy a Franchise

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 ...

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...

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...

Are we the last generation to need an office?

The Internet is the most powerful force behind making traditional work practices and ‘the office’ less relevant. High speed connectivity and powerful software have the potential to render bus rides, train crushes and coffee queues in order to arrive at the office a thing of the past. Much of this is happening now. Today’s workforce could be the generation...

Publicity - A Hidden Goldmine For Your Business And The “Secret” Pathway To Success

Product publicity is the "secret pathway" to business success everyone wants. In simple terms, product publicity is a kind of advertising that costs you nothing, yet brings in the orders for you. Regardless of what kind of business you are operating, you should want, and strive for, as much publicity for your business and your products or services, as possible. After all...

Customers Don’t Care How Much You Know… Until They Know How Much You Care

Selling can be defined as everything that happens from the first contact with the prospective customer to the satisfactory delivery of the product or service. If your advertising is effective, it will attract prospective customers to your business. If you’re engaged in direct selling, where you telephone and make appointments and then go and see the customer persona...

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