Posts

The do’s and don’ts after acquiring a business

To keep or not to keep?

Acquisitions can be an incredible boost for a growing business – you instantly add scale, expertise and assets and move into a desirable new territory, product or service.

Having been through many business acquisitions, we’ve seen how the effect can be transformative.

However, whether it’s a merge of equals […]

Managing business cash flow and income

Managing small business cash flow and income in 2022

It’s been a lean time for small businesses, and especially the families supporting them.

Xero’s small business trends report shows that 60% of small business owners are worried about their household finances running low.

So while 2022 will hopefully be a year of rebounding sales […]

2021 Business Planning

Using Data to Guide Your Planning

Business leaders recognise the value of using data to influence decision-making.

This has become easier due to cloud-based accounting solutions, better analytical tools, benchmarking and other methods.

But one important question remains… Which data should we access and analyse? There are so many options. Perhaps, we should ask a different question: What drives […]

Setting Goals and Seizing Opportunities in 2021

Think back to November 2019

What predictions did you make for 2020? Few could have forecast what this year had in store.

Very few businesses have been unaffected by the events of 2021. Some businesses have boomed as a result of increased demand for their products and/or reduced competition. Others have suffered dramatically and are […]

The Importance of Sales Process

What makes a business a powerhouse in sales?

Absolutely essential are attractive products offered at a reasonable price to customers who need those products.

Sounds simple? It’s not… but let’s assume you’ve got this right. We also need the underlying sales processes to work because even with great, in-demand products, sales will not reach potential with weak sales processes.

Here are some ways […]

8 Areas to maximise marketing results

The COVID19 environment is encouraging businesses to revisit their marketing approach

For some, this means WAIT AND SEE: do as little as possible in the hope that things stabilise. Others sense opportunity and are taking A BOLDER APPROACH: increasing marketing investment to generate more leads.

Whatever the case, businesses should properly measure marketing investment and outputs. As […]

Precise Cash Flow Management: Best Practices

Improving your cash position brings opportunities and reduces business risk

In the absence of equity and debt financing, alternative cash-flow management strategies can make a positive difference.

These ideas will not apply to ALL businesses but perhaps there are some you can implement. 

1. Get Better Vendor Payment Terms

Vendors are partners and are invested in […]

Business Resilience: Focusing on the Priorities

Focus on activities that have the biggest positive impact on your business

That leads to business resilience and organisations which thrive even in uncertain economic times.

But how do we know what to prioritise? There is so much that could be done in so many different areas.

Let’s simplify this complicated subject. First, we need […]

Shifting from retail to E-tail post COVID-19

If you sell tangible, non-perishable retail products, you’ve likely been impacted by COVID-19

You’ve probably read about the thousands of businesses shifting their focus to online sales during COVID-19. There is a process that goes into getting your business online. However, it’s not as difficult as you might think – and you’re not too late.

[…]

Business Resilience vision and goals

As accountants, we strive to help business owners build resilient and successful businesses

In the current business environment, there are both challenges and opportunities.

One component of resilience is to have a clear vision for the business. That means everyone should understand the business ‘destination’, the ‘why’ or the ‘rationale’ for the business. Without this, the […]