What is success in your business mean to you? For some business owners it may mean to make more money than last year, to others it may mean working less hours, to others it may mean both, and for some it means to create a better, more valuable business. Whatever it is, set a goal to make this year better than last year. Now if you are stuck for new ideas on how to make this happen, consider our ’4 Keys to Business Success Workshops’. Delegates, who master our ‘4 Keys to Business Success Workshops’, will develop the insight, the [Read More]
Instagram and Facebook, Microsoft and Yammer: if your company is growing, first things first: CONGRATS! It’s a tough economy and you’re lucky to be on the upswing, no matter how big or small it might be. One way companies try to grow quickly is to either partner with another company or acquire it. If you’re thinking about forming a partnership or acquiring another business, you’re in for quite a ride which is why we thought it a great idea to offer you the insight into how to go about ‘Gearing Your Business for Growth, Sale and Acquisition’ in a realistic, no frills, [Read More]
A comparison of financing options for investing in property – Syndicates Vs. Property Trusts. Investing in property, especially commercial property can be a very costly exercise. Not only do you have to find the money to purchase the property but refurbishments, fit-outs and vacancies can create a huge problem for your cash flow. However, if you want to invest in commercial property but don’t have the money and/or expertise to go it alone, there are two alternatives; 1. property trusts and 2. property syndicates. Property trusts A property trust purchases commercial property and then manages it on behalf of the [Read More]
Have you ever seen a potential investment property that you immediately fell in love with then without thinking anything through – called the agent with that sense of ‘I have to secure this property if it’s the last thing I do!?’ Have you, after viewing the property and falling in love with it, begun to negotiate a price? Did you successfully negotiate a deal, buy the property then wonder what to do next? Maybe your next logical step was to traipse off to the bank to get the finance you need then as an afterthought - you finally called your solicitor to complete the conveyancing, [Read More]
This is a great question and one that business owners face every day. When we are young in business we feel as if we need to chase down every opportunity, and we get so busy jumping from one opportunity to the other, we don’t get any real traction on most of the ideas. When we get older the opportunities seem like hard work. In my mind the key factors that separate the opportunities from the distractions are: 1. Have a plan and a vision for your business, and ask does this opportunity fit my vision and plan? 2. Do we [Read More]
Why do so few SME Partnerships have Partnership Agreements? Primarily: the cost…. Business owners look at the cost as an expense that they don’t really need to incur because, lets face it, the business has just started so “why spend money unnecessarily, the business can’t afford it right now!” My response to that is you cannot afford NOT to have an agreement. The cost of dissolving a partnership outweighs the cost of setting up an agreement tri-fold. Believe me when I say that the legal costs can escalate beyond belief. Secondly: a Partnership Agreement can sometimes be viewed as a [Read More]
Every business owner starts a business in order to break free from the grind and enter into financial freedom, independence and security. Yet of the 1.8+ million small businesses in Australia, only some become wealth-generating enterprises. So; what is the ‘make or break’ factor? .
Most small business owners don’t take the time to think about their business because they’re too busy doing all the work. It’s a balancing act. Every hour spent ‘on the tools’ is time they haven’t got to work on tomorrow’s business. Spend too much time on tomorrow’s business and they’ve got no income. So what’s the answer?