It’s always a great thrill when you look at your P&L and realise that you’ve made a profit. Let’s face it, everyone loves a profit, especially when it’s big and healthy and we don’t even mind if it’s an unexpected event. It’s hard to think of a circumstance where the sudden arrival of a substantial […]
READ MORECompound interest cuts both ways. Kill your debt before it kills you.
There’s a lot to be said for the miracle of compound interest and how it can turn modest savings with small regular contributions into a sizable nest egg that hatches holidays, jet skis, long term financial security and more. But as with most things, there is another side to the big, cuddly compound interest bear. […]
READ MOREAvoid the “vanity” lease and preserve your profits
Every Friday we just want to stop the world for a moment and give you a couple of real tips to think about that will make a real difference to your business and in your life. There is a fine and potentially very expensive line between securing the right workspace for your business and ego-driven […]
READ MOREBreaking even is the new Breaking Bad. It seems okay… until…
If you survived year one of your business ownership and you’ve broken even – well done and congratulations. You’ve made some massive personal, financial and emotional investments and on paper, you’re no worse off than you were when you started. In fact, if you think about it, you’re better off because that ten, twenty or […]
READ MOREProfits are down soooo… do I take a pay cut? The “business $100 note” can save you from yourself
Every business faces a period when revenue drops below expectations for a time. Hopefully this occurs at the beginning of your ownership journey, not the end. It’s at this time that knowing your numbers will provide comfort and reasons for optimism, or indicate that you are sailing far too close to the rocks! Either way, […]
READ MOREThe agony of almost making it to the end of the month. Cashflow catastrophes and how to avoid them
Few Olympic or endurance track images are as enduring as the long distance runner that, despite a body that has clearly given up, manages to will themselves over the line. Last place never looked so good. But what about those that cannot make it. They actually fall over a few agonising steps from their goal […]
READ MOREBefore we go… You’re not a bank, so don’t act like one
Every Friday we just want to stop the world for a moment and give you a couple of real tips to think about that will make a real difference to your business and in your life. Cash flow remains a hot topic and so it should. We have spoken about it before both in our […]
READ MOREThe Real Cost of Cars – A CBD carpark, yours for $407K. It all counts…
Sometimes you find yourself driving around the city on a weekend wishing you had a guaranteed space to park your car. That’s just part of normal life nowadays but it can get frustrating. But finding a place to park, let alone finding a “dream-spot”, is only half the problem as the price of parking in […]
READ MOREThings to think about when thinking about payment terms
Newsflash: Cash flow is still the number one priority to many businesses out there today and rightly so. Some have described it as oxygen keeping their businesses alive, others see it as fuel that drives their commercial success. For something so widely understood to be of such high value to enterprises, it’s surprising that more […]
READ MOREMake it Rain. Invest in Multiple Buckets. Create automatic cash flow.
This article contains the revolutionary secret to beating the ever growing statistics of Business’ not making it after their first couple of years. These five simple steps will change the future of you and your business forever. Step 5 – Invest in Multiple Buckets, create automatic cash flow. Remember Jesus first miracle? He turned water into […]
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