Blog

As a seasoned finance professional, I’ve experienced the highs and lows of cashflow management. Securing appropriate funding is critical for any business. Without funding, growth opportunities can’t be realised and the business comes under increasing pressure from competitors and suppliers. ABS data shows that 60% of businesses fail in the first 3 years, with inadequateRead more

This isn’t a new sales technique or piece of software. Just me sharing some insight about how accounting can help you increase your profit, by working out which of your products/services make money and which ones lose money. In a business selling more than one product, we need to analyse the figures in more detailRead more

We’ve all got intuition, we sometimes call it gut feeling, common sense or instinct. A song you were humming comes on the radio, the phone rings and you just know it’s an old friend you haven’t spoken to for months. But for every instance you guessed it right, there were probably times you got itRead more

“Doomsday has come, the GFC is upon us, slash the budgeted headcount”, came the cry from head office. “But we can’t possibly,” responded the local team, “our people are our most important asset.” A good budget process should consider all the moving parts of the business. In our example, those that focussed solely on revenueRead more