For business owners, running a successful business is often challenging enough, but succeeding in business in the current tough times for many has become a real nightmare. However, there is good news: you can implement simple measures to improve the probability that your business succeeds even in these tough times. Here are 3 examples: 1.…
A frequent conversation that I am having with business leaders across the economy focuses on what a covid-19 induced recession may look like, and how it will impact their businesses and industry sectors. Most business and industry leaders are uncertain with how their businesses will emerge from the covid-19 crisis and lockdown period. There is…
The rapid on-set of the economic impacts arising from Covid-19 and its resultant disruption to the economy has blindsided the entire business community. Whilst in some industries such as Aviation, Hospitality and Tourism the impacts have resulted in almost instantaneous shut down, for many other industries the impacts may not be felt for many months…
1. Know where your business financial position is at and build deep knowledge of the next 90 days of your business and cash flow. Review your profit and loss and balance sheet. If your financials are not up to date, the most important investment you can make is getting them up to date this week.…
Perhaps the most frequent conversation I have had this week has been the ever increasing anxiety that Coronavirus is causing business leaders. The question being asked is, “what does it mean for my business, what will the financial impact be and what should I be doing about it?” Sadly, if you don’t have or have…
Remember when started to relax and get over 2020? You probably started casting your mind forward to 2021 with determination saying this year will be a better year! Or will it? You are probably reflecting on the year that was and some of the business goals you are contemplating for this year may include; Spending…
Do you have concerns with your cash flow, or the timing of your cash flow? Have you considered using factoring for your business? We have clients who have made this work very successfully for their business, enabling their cash flow to be increased allowing them to survive during their expected down periods without the added…
Thinking about chucking it all in and starting a new career? Many dentists slump over the finish line come the silly season but these lifestyle changes will help you to combat stress, writes Angela Tufvesson. Are you mentally and emotionally exhausted? Dissatisfied with the year’s accomplishments? Getting snarky with staff and patients? If you’re anything…
The countdown to Christmas is now on and we’re in the midst of the headlong rush to get everything done and capitalise on any remaining opportunities before the Christmas lull. Busy period or not, Christmas causes a period of dislocation and volatility for most businesses. This dislocation and volatility mean that it is not ‘business…
The Black Friday and Cyber Monday sale concepts have well and truly arrived in Australia with retailers embracing this latest retail event to stimulate what has been an economically lack lustre year Why ‘Black Friday’? For many Australians, Black Friday is just confusing – shouldn’t Black Friday’ be on Friday 13th? In the US, the…
