Uncover your most profitable product to unlock revenues
We’ve been looking at how visualising your business numbers can help you make strategic decisions in your business. Over the past two articles we’ve – Broken down the information within a Profit and Loss – Uncovered the two most common and...
Expose the story within your data
We’ve looked at how visual representations of data can help you to build your financial literacy (if you missed it you can read it here). This time we’re looking a bit deeper at the same base data to see what else we can find, and how you can make...
Breakthrough the jargon and read your financial story
Let’s be honest, numbers on a page, such as those you print from your financial software can be difficult to understand if you haven’t completed a business or accounting degree, and truthfully, not everyone wants to be an accountant – and that’s ok. You...
What to do when things don’t go to plan.
Every business transitions through phases of insufficiency and surplus. Keeping consistent and accurate records help in gauging the status of your business. However, once you realise your business is not following your laid out plan, craft a restoration plan as soon...
5 ways a business consultant can jumpstart your startup
Starting and running a small business can be exhilarating and daunting. In the excitement of launching a revolutionary product or service, the complexities of running a business can be overlooked. But don’t despair, a business consultant can help you plan, manage and...
Deadline approaching – are you ready for Single Touch Payroll?
Single Touch Payroll (STP) is coming for all employers from 1 July 2019 What is Single Touch Payroll STP works by sending tax and super information from your payroll software to the ATO as you process each pay-run. Once set up, you’re payroll processing...
How to Monitor Your Cash Flow
Cash flow is about more than what is in your bank account, it requires you to prepare for upcoming expenses and ensure a consistent flow of funds. This includes knowing what cash you need to generate to satisfy your business goals and having a strategy to...
Understanding Instant Asset Write-Off
If you’re currently in ‘tax-planning’ mode, your accountant has likely mentioned ‘instant asset write-off’ to you. Accountants got a bit excited in early April when the asset threshold for this measure was increased to $30,000 as it extends the types of asset...
Does your Pricing Strategy match your Business Strategy?
Is a ‘cost-plus’ pricing strategy the best for your business?
There are many pricing strategies and the one you select should align with your greater business strategy. Get to know which option suits your goals best.
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