The Key to Real Wealth For ever and a day, people have been trying any and every “Get Rich Quick” scheme they can find to make themselves wealthy. Rarely does it work. When it does work, such as winning the Lotto, there are countless stories of Lotto winners ending up broke again within a few Read more about Want the Real Key to Wealth?[…]
Many of our clients tell us that they got into business to make more money, achieve a better lifestyle, or simply because they felt they could do a better job than their old boss. Although many do possess business skills, financial acumen is rarely high among them. In this article, we list three common financial Read more about Three Financial Mistakes Made by Many Businesses[…]
Ever heard of benchmarking? Benchmarking is where you compare the results of your business, usually its critical success indicators, with other businesses of your size in your industry. If you’ve heard of it, have you ever done it (i.e. or has your accountant done it with or for you)? If not, you’re doing your business Read more about The Benefits of Benchmarking[…]
Don’t gamble with your unpaid Tax Debt Debt – The Question is How, Not What With the level of tax debts owed to the Tax Office by Australian small businesses growing every year; currently over $12 billion, there is plenty of advice on what to do if you find yourself not able to pay the Read more about Don’t gamble with your unpaid Tax Debt[…]
If you’re like the vast majority of business owners that we see, you run your business without a formal budget and, at best, have noted somewhere what your expected sales are for the current and maybe next week or month. We’ll get into why this is fraught with danger another time but suffice to say Read more about Why you’re preparing your budgets all wrong[…]
8 Years of Lessons It’s been 8 years today since I removed myself from a bad partnership and opened Exceedia. What better time than now to reflect on the top 8 lessons that I’ve learned in that time in the hope that they might help you to improve your financial outcomes. So here they are, Read more about Exceedia 8 years strong today[…]
When it comes to minimising tax, there are a number of simple things business owners can do as well as a couple of more advanced strategies. Remember though that tax is only ever a percentage of your earnings so never: – By an asset or incur an expense only to obtain a tax deduction; or Read more about Tax Minimisation Tips for Businesses[…]
Business Improvement Series – Blog #1 – Pricing Power Without a doubt, pricing is the number one factor in determining the profitability of your business. Get your pricing right and you go a long way towards ensuring the success of your business. Get it wrong, however, and you face a long hard road just to Read more about Pricing Power[…]
2017 Budgets – The most important thing you’ll do all year! Have you prepared your 2017 budgets? Have you ever received your business financial statements from your accountant and queried the profit because you ‘just couldn’t have made that much money’? Do you have Tax Office debt because you didn’t have the funds to pay Read more about Have you prepared your 2017 budgets?[…]