5 Warning Signs Your Business Needs Professional Advisory Support
Running a business in Sydney comes with its fair share of challenges. From managing cash flow to keeping up with constant changes in regulations, it’s easy to feel overwhelmed. Many business owners try to juggle everything on their own, but at some point, solo efforts start holding the business back. That’s where professional advisory support […]
Obligations for Employers and Business Owners
Employment Contract Meet National Employment Standards STP Finalise
Picking good software for your business
I’ve purchased software like Elizabeth Taylor had husbands – I’ve dated, then married, then divorced (and even in one case re-married). Or maybe like King Solomon had wives – he had 300 wives and 600 concubines near the end of his life. Below are notes and questions to help you pick the right software […]
How’s the forecast looking for your business?
Whenever we’re going on holiday or have plans for the weekend, we always check the weather forecast so we can plan accordingly. It’s no different in business. The forecast tells us if there’s bad weather (poor cashflow) in store based on the direction we’re heading. Your forecast will tell you: 1. If you have enough […]
Understanding Your Profit and Loss Statement
Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an Income statement and its main purpose is to list income and expenditure. Whereas a balance sheet is a snapshot in time, the P&L shows transactions over a specific period of time. This can be a […]
Making data meaningful in your business
Three steps to ensuring data is meaningful for your business Raw data describes the facts and figures that a business processes every day. Over time, every business hoards a certain amount of data and it only becomes meaningful to a business after it has been processed to add context, relevance and purpose. For example, in […]