A successful business is one that is well managed. Being adaptable and flexible before major fluctuations occur can greatly assist you in hard times.

Recognising problems before they arise can minimise the fall out and pave the way to a faster recovery. Learning to identify potential cash flow problems is critical to your success as a business as without adequate cash flow your business may be on its way to becoming a statistic.  Read More

The New Year is always a good time for reflection. We touched on this point in last month's newsletter. It's often a time when we look back and wonder where the time went.

The question that often comes to the mind of the business owner centres on what has really been accomplished over the year. Read More

We often say "what you measure you can manage" and "what gets managed gets done". When it comes to achieving greater profitability, truer words cannot be found. The fourth way of growing a business, which is improving the effectiveness of the things that you do, is a vital part of assisting you to better manage the results.
 
We often talk about the importance of focusing your profit improvement strategies into some key areas. They are to increase: Read More

Often our biggest constraint in business is ourselves. We try to personally take on the expensive tasks that would normally need to be outsourced so that we can preserve our cash resources for other needs within the business.

Although there is certain logic to this, the downside is that it means we have created our own artificial ceiling. We have set a limit on our business' ability to succeed that is significantly less than what could be achieved. Read More

In order to thrive it is not enough to survive but grow. But a growth strategy doesn't necessarily have to be a high risk strategy. Too many business owners embark on an unnecessarily dangerous journey by trying to be everything to everyone.

A highly esteemed business professor at Harvard by the name of Michael Porter expressed the view that there are only two ways a business can gain a competitive advantage. Read More

Most businesses function in a give and take fashion - while you may be providing a service or product, you are also needing to pay someone else to supply a service or product to you.

The natural order of things would suggest that if you pay on time it would be a fair expectation that you would be given the same courtesy by your customers. Unfortunately getting paid on time, every time, is a rare luxury. But with a few simple strategies you can attempt to make it a more regular occurrence. Read More