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10 factors that affect the value of your business

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.

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"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.

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7 ways to get more money into your super fund

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.

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Disasters. They happen. In personal lives, and in business.

That's not being negative, that's being real. Every day disasters affect families and businesses somewhere in the world, but it always seems to happen to someone else, doesn't it?

Touch wood.

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Why modern business means cloud-based business

"The cloud" is a phrase that means something very different these days, due to the increasing use of cloud computing. But what exactly is cloud computing? And is it a good option for small businesses?

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