The Three Categories of Succession Planning

There are many benefits to being a small business owner such as being your own boss, leading a team and the ability to give back to your community. A well-funded retirement account, though, is not one of these many benefits. Most of us believe that, when the time is right, we will sell our business and easily transition into retirement on the earnings generated from the sale. It’s certainly an appealing scenario. To pull it off, however, takes years of preparation and careful planning. This succession planning can be broken down into three categories – people, systems and finances.

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Three Financial Mistakes Made by Many Businesses

Many of our clients tell us that they got into business to make more money, achieve a better lifestyle, or simply because they felt they could do a better job than their old boss. Although many do possess business skills, financial acumen is rarely high among them. In this article, we list three common financial mistakes that we observe frequently.

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Goals, Strategy and Plans: The Vital Fuel for Businesses

Goals, Strategy and Plans: The Vital Fuel for Businesses

Many businesses (and certainly many of our clients) find themselves busy with the day-to-day selling, paying bills, marketing, hiring and firing, talking to the bank, managing the office and so on. They know they should plan for the future but who ever gets time for that? They get caught up in the endless cycle of tactical business management.

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BUSINESS TIPS -Know your break even point

Find out why it is important of know what your break even point is in your business?

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7 Resolutions every business owner needs to read

The new financial year has just quietly ticked over without much fanfare. It’s the perfect time to focus on the new year ahead.  Here are 7 essential resolutions  to  “Kickstart” The New Financial Year.

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