In the wake of some high profile business collapses in the Building and Construction Industry, new regulations from The Queensland Building and Construction Commission commenced on 1 January 2019, with the aim of restoring effectiveness to the Minimum Financial Requirements for licensing and returning the QBCC’s powers to regulate those requirements.
Read MoreTopics: Business Improvement, QBCC
There was a time when cars didn’t have a fuel gauge. That meant you had to understand the size of your fuel tank, remember when you last bought fuel (and how much) and estimate the distance you’ve travelled since filling up.
Read MoreTopics: Business Improvement, Business 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.
Read MoreTopics: Business Improvement, Retirement Planning, Business Planning
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.
Read MoreTopics: Business Improvement, Business Planning
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.
Read MoreTopics: Business Improvement, Business Planning
