Posted in Strategy

  With 30 June just around the corner, small businesses are beginning to wonder why their accountants say they have made a profit yet their bank balance never seems to grow. The simple answer is cash flow! Cash flow is the lifeblood of any business and managing your cash flow is key for successful business operations. How do you manage and improve your cash flow? Below are some helpful hints: Invoice your customers regularly and follow them up if they are ...

  Do you need to make a super contribution, withdraw a pension or pay a business expense prior to 30 June 2013? Don’t leave it too late – as 30 June falls on a Sunday this year the banks have recommended that payments are made no later than Tuesday 25 June to ensure that it is cleared and recorded on your bank statement prior to the last business day of the financial year – Friday 28 June. ...

  How often do you start something without any homework? Yet preparation is usually all that's within our control. We waste countless hours by ignoring it. Whatever the project, think ahead: consider its needs, its problems, its shortcuts. Give yourself every advantage. Build your confidence, create options. Time spent doing this will be handsomely rewarded. If I had six hours to chop down a tree, I'd spend the first four hours sharpening the axe  - ...