A lack of accurate financial information is a major cause of stress and concern for business owners and their families, especially when it affects visibility over cash flow, not only in the business, but the flow on effect at home. There’s a...
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As a business owner, there are plenty of things you need to manage, and two of the most important of these are assets and risks. In other words, building your wealth and protecting your wealth. There’s no point building a lot of wealth if the way...
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Thinking of selling? Or just curious to know the value of your business in case you do decide to put it on the market at some point? Many business owners are well-wide of the mark when placing a value on their prized asset. They overvalue it and...
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“I get all my business from word-of-mouth marketing.”“I’m a referral business.” “I don’t have the budget for marketing.” “I’m just too busy to market my business!” If you find yourself saying any of the above, it’s likely that you experience...
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Any business that isn’t planning for the future is planning to get left behind. While most business owners know that budgeting is a critical part of their planning, there is some confusion about which components should be included in a budget...
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You’re trying to grow your practice but nothing’s working? Follow these four proven rules for allied health business growth & start getting better results…
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The principles behind winning in business and winning in sport are similar in many ways. Take tennis, for example. If you’ve ever watched a match on television, you’ll know that along with all the hitting, running and grunting there are a lot of...
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“Signing on the dotted line.” It wasn’t all that long ago that phrase meant signing pen-on-paper. Increasingly these days it can also mean signing on-screen with a stylus—or even with your finger tip!—or by using your computer and keyboard. So...
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It’s obvious that profitability is key to the success of your business. Less obvious, perhaps, is the importance of understanding the key drivers that determine business profitability. Without understanding these, profitability forecasting...
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Do you regularly run business performance reviews? If not, you may be drifting along & unprepared for the future. Here’s how to get them right…
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Success in business requires a number of essential ingredients. A sound strategy. A robust business model. Effective planning. Strong financial control and bookkeeping. A good team. Great systems. Measurement. Focus. But you know what? Even all...
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Growth is what all businesses should strive for but there are dangers to growing your business too fast. Be prepared: avoid the dangers & follow this advice…
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