Posts

Reengineering Your Business

For Profit and Sustainability

Sometimes business leaders need to fundamentally change the way things are done in order to grow profit, or just to survive.

This is termed ‘Business Reengineering’.

What is Business Reengineering?

Business Reengineering usually means eliminating activities or processes which are not adding value. In some cases, they will be substituted with better […]

Salisburys shortlisted for Regional Business Award

Salisburys named Business NSW 2022 Murray-Riverina Regional Business Finalist

Salisbury Accountants & Business Advisors has been shortlisted as an Excellence in Small Business finalist in this year’s Murray-Riverina Regional Business Awards.

The Excellence in Small Business award category recognises businesses that have effectively driven growth and are able to demonstrate the specific strategies implemented to […]

Four Ways to Finance Your Business Growth

In business, there is such a thing as a ‘good problem’

One example is a business which provides a good product or service in high demand by customers.

The business needs to produce more and invest in marketing, sales, and customer management. There’s an opportunity to grow which should be good news… but what happens […]

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 […]

New financial year business planning

New financial year = Strategy Review

It’s understandable that many businesses are focused on the numbers at this time of year.

But it’s important for all businesses to hit the new financial year with a plan — a strategy for growth and success not only for the next financial year but into the future.

This […]

Pricing Strategy to Drive Growth and Profit

Your pricing strategy

In some ways, managing a business is not so difficult, at least from a financial perspective. By attracting more customers or selling more to existing customers, you grow revenue.

You also try to ensure that revenue greatly exceeds expenses – in which case profits are high!

Simple, right? But what’s missing from […]

The Finance Function

12 ways to Drive Strategy and Value Creation

No matter the size of your business, the finance function should focus on STRATEGY and VALUE CREATION.

This will create a competitive advantage and give leaders peace of mind.

Yes, annual returns need to be filed and past performance should be tracked… but the finance function should […]

Starting a small business

Why now is the best time to start a small business

Bricks or clicks? 3 considerations for making the leap

There’s no question about the critical role small business plays in our economy. Visit the Australian Bureau of Statistics website and you’ll see that 98% of Australian business is made up of small and medium-sized […]

Your SMSF investment strategy

Have you reviewed your SMSF investment strategy?

Self-managed super funds (SMSFs) are required to prepare and implement an investment strategy to help meet their investment and retirement goals.

The investment strategy is not designed to be a ‘set and forget’ document but rather a strategy you continuously review to ensure you are meeting your retirement […]

7 Ways to Manage through Uncertainty

Managers usually try to keep teams focused on long-term goals and strategies.

But these are uncertain times… and leaders are challenged to find new ways to help employees feel productive, safe, engaged and motivated.

Success will involve a blend of bold, decisive decision-making and “soft skills” which we’ll explore further here.

Managers Taking Care of […]