The due date for the QBCC’s new annual financial reporting requirements is fast approaching. Builders and trade contractors that hold QBCC licenses with turnover less than $30 million, need to submit their financial information no later than 31 December 2019, or risk having their license suspended.
Read MoreTopics: QBCC
While clients are important, not all clients are alike. Classify your clients to help you understand which groups represent the most value to your business and will help you identify your most profitable segments with target services and communications.
Read MoreTopics: Business Improvement
If one of your customers is at an industry lunch talking with other business owners, will your customer say anything about your business? Will it be positive or negative, or will they say nothing at all? They might be comparing your business with similar businesses that people are talking about too.
Read MoreTopics: Business Improvement, Business Planning
Business owners (especially those who are operationally involved) try to ensure managers’ goals are aligned with their own. If they are aligned, the prospects for the business are much more attractive because everyone is pulling in the same direction. Ideally, everyone should have ‘skin in the game’ so that livelihoods are tied to the success of the business.
Read MoreTopics: Retirement Planning
Do you know what the break-even point is for your business? Your break-even point is the level of income needed to cover your costs.
Read MoreTopics: Business Improvement, Business Planning
