Businesses that are using written systems' manuals, similar to a written franchise system, normally give themselves a far greater chance of success at being a successful business.  The time and discipline required to draft a  written systems' manual should assist in...

NOTE: Many of the comments in this publication are general in nature. If anyone is intending to apply the information to practical circumstances we wish to advise that you should seek professional advice to independently verify their interpretation and ascertain...

Business success will normally not occur unless the SME operator has undertaken some detailed planning and introduced systems which enable regular financial analysis, so that the business' performance can be compared against budgets and be benchmarked against industry...

What's It Mean?   EBIT -    Earnings Before Interest & Tax. EBIDT -    Earnings Before Interest Depreciation & Tax. EBITDA -   Earnings Before Interest Tax Depreciation & Amortisation.  

Whether you agree with the carbon tax or not, the reality is that the government has said it will commence in one year's time... in fact, only 10.1/2 months time now, so all small/medium enterprises need to get ready for it.   It will be a good idea to review...

The Australian Taxation Office has announced its targets for 2011/12.  This summary relates to the Taxation Office's indicated targets for individuals, micro-businesses (turnover up to $2M), small/medium enterprises (turnover $2M to $250M). The key areas that the ATO...

The end of a financial year is an appropriate time to do some thinking and planning as to what is happening in your business. A good place to start is - What is the purpose of my business? How much do you want to earn?  How many hours are you prepared to work?  What...

The end of a financial year is a good time to have a business health check prepared on your business.  Business health checks are just as important to businesses as medical checkups are for humans.  A business health check can highlight some potential problems before...

Business Funding Some of the questions that need to be considered, as part of the business plan process relative to business funding, include:   How is the business funded at present? What are your projected sales over the next 3 years? Details of your current...

Events in the past week in the USA and Europe have highlighted the necessity for small/medium enterprises to continue to monitor their cashflow very closely.   When you read about a major American bank losing 20% of its share value overnight, you realise the...