If a business owner said to you that they run their business without a budget, what would you think? You'd think they were incompetent. Or perhaps lazy? Or both?

But what do most families do?

When you think about it, a family is actually a mini business. There is income, there are expenses and there is, hopefully, something left over to invest and to enjoy.

So why don't most families operate to a budget?

Read more…

A: "My goal is for my business to win more new clients."

B: "My goal is for my business to take on 12 new clients by June 30^th next year."

Which of the above goals is more likely to be achieved?

Read more…

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 under-prepare for their exit, believing in a huge potential for their business that buyers unfortunately don't see.

Read more…

"You need to work on your business, not just in your business."

Made popular by The E-Myth Revisited author Michael Gerber, it's advice I'm sure you've heard dozens of times over the years (I certainly have). But despite being told over and over again, many small business owners still don't seem to truly understand what it means.

Let's look at a common scenario.

Read more…

Have you been doing the numbers and panicking a little recently?

If your super fund is a little 'light' as you start to think ahead to your golden years, you're not alone.

Millions of Australians are reviewing their retirement plans. We have been taught to believe that the money that flows into our super fund (equivalent to 9.5 per cent of our salaries) will look after us when we retire.

Read more…