Once you have made some realistic estimates of your sales and expenses, it is time to move to the next important financial management tool. That is your ‘break even point’. Break even point is that point where you stop making losses and are about to make a profit. Break even point is different for every […]
In recent posts in business coaching Brisbane, I highlighted the need for regular accounting and for comparing actual results against your budgeted target. Now for the really tough part of your budget! That is forecasting revenue. This is difficult because any realistic revenue forecast depends on what your plans are to attract potential customers and […]
Is 2011 going to be your year to start up your own business? Have you got something a little different to offer? Have you got what it takes to survive and grow? Here are the top 7 traits that I am looking for in my business coaching Brisbane – online class of 2011: 1. Is […]
As we approach 2011, it is resolution time once again. It is natural that we wish for a better year than the last. If it comes to pass, it is a reassuring sign of development and growth. So if 2011 is your year and you are contemplating a change or a new start, here are […]
In my experience, the majority of people have some seriously bad attitude to money; rich and poor alike. Socio-economic group makes little difference. It just makes it easier to predict what the specific problem is likely to be. To help you make money work for you in 2011, here are my top ten (10) money […]
Keeping your receipts in a shoe box and handing it over to the accountant once a year is financial madness. Don’t be surprised if you are out of business after your first year with that attitude to financial management. Regardless of what business you are in, you need to keep a close watch on money […]
It’s Christmas again. It’s the holidays and a time when families gather and reunite. It’s a time of prayer and thanks. Unfortunately, in the lead-up to Christmas, it is also a time of frenzied shopping, high stress, strained budgets and extreme personal debt. In some ways Christmas is a lull before the reality of the […]
If I had to choose one business management weakness that I have observed in the many start ups and SMEs (small to medium enterprises) I have encountered, it would be financial management. Many large companies are also guilty of poor financial management but they are no longer the focus of my attention. Financial management is […]
Up until recently, my business coaching Brisbane practice has been a local practice focusing on Australian clients only. It has meant a lot of interstate travel, lots of proposals and presentations, plus more admin that I ever wanted to do. Things have changed. These days I don’t do a lot of face-to-face consulting; I do […]
We continue our business planning odyssey…. Finding opportunity and converting it is the creation of everything. It is the fun part of business planning because it leads directly to growth and profit. However, don’t wait for opportunity to fall into your lap. You must go outside and make it happen. The most important part of […]