2016/2017 Federal Budget Overview for Small Business

Small businesses operating as companies are one of the bigger winners out of this year’s budget.

Do you need an Insider or an Outsider?

When it comes to succession planning we often look outside the business for the next CEO rather than internally.  In a recent HBR article Joseph Bower explores the trends in S&P 500 companies, finding that 80% promoted insiders in the past 12 months.  So, which strategy is more successful and why?

How do people successfully start businesses?

When I start to reflect on discussions, interactions and business dealings with entrepreneurs over the past years they all seem to have some things in common.  Typically, they have a good appetite for risk, but more importantly is that they are able to think quickly and make changes in their business that allow for adaptation as they realise what it is the market wants.

Fostering The Entrepreneurial Spirit

If we don’t actively encourage true problem solving and endless opportunities to try and fail until they succeed so they learn how each feels and to get up and try again our children will have a hard time as adults in the future job market.

Use these 5 Ratios to Grow Your Business

Understanding your business numbers isn’t always easy.  So here are 5 Financial Ratio’s you can use to gain further insight into the performance of your business.