Here’s a sign I passed while driving to a conference for accountants I’m speaking at this weekend. Being miles from anywhere is OK when we know where we are heading, have enough fuel for the journey (and some in reserve), and have a way to make sure we stay on track. In business, if [...]
People go into business to make money. It’s not the only thing that matters but it is very important. We need enough to live comfortably and we want to be financially secure. It’s important to be clear about your financial expectations before you become a franchise owner. Knowing this will help you make an informed [...]
As 2012 gets underway, experts predict slower growth and uncertain times ahead. Even experienced business owners and managers are now encountering unfamiliar territory. For some, profits are threatened and cashflow stretched. Others are eager to capitalise on new opportunities for growth. Most are facing changes to their cost structures. This highlights the need for tight [...]
The ability to motivate others is a key leadership skill. However, it isn’t always so clear how to motivate people. In business, financial incentives don’t always drive stronger results as we might think they would. According to author and journalist Dan Pink, while money is important it’s not all that matters. To understand what motivates [...]
Just as there is a human cycle of life, businesses go through a lifecycle; from start-up through growth to maturity and then renewal or exit. There are different issues and financial consequences throughout. This article provides an overview of key stages in the business lifecycle and highlights some of the financial considerations. Start-up: Keep good [...]
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