The business plan as a roadmap for success

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You wouldn’t set out to drive from Gladstone to Melbourne without a plan of how to get there?   Would you?

So why is it that every day thousands of small business owners operate their businesses without any idea of where they are going or how they will get there.

The business plan is like a roadmap—or maybe more like a GPS in today’s world. If you want to reach the destination of financial independence, you have to plan the journey and use the tools at your disposal.

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How to beat the cash flow crunch

Case Study

Background

A wholesale and retail business is experiencing large fluctuations in its sale, profits and cash flow. The business supplies goods to mining and rural businesses and is required to carry large stock holdings and significant credit accounts. Heavy rains also caused damage to the business’s stock and premises and it was unable to supply refrigerated goods for a period of 2 months.

The owners, William and Laura, wanted advice on how to improve their profit, better manage their cash flow and prevent the loss of income from future unplanned events.

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Cash Flow Forecast - What is it and Why do I need one

We have been speaking with many businesses, from all different sectors and the general consensus is, times are tough. If your business is facing a downturn, it is more important now than ever before to have a good handle on your cash position.

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Is your business Short on Cash

Tough trading conditions have left many small businesses short of cash. Cash flow problems can be a symptom of issues in your business that go undetected when times are good. These issues could be any one, or a combination of the following.

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A budget is your guide to success

It is now 1 month into the 2016 financial year and the hours you spent setting your annual budget are probably a distant memory, but now it’s time to get your budget out again and review your progress since 1 July.

A budget is a living document. It is the underlying tool that sets the direction of your business… your guide to success.

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