Many companies in Australia are not charging high enough prices for their business to be sustainable in the long run. Here we look at why businesses are doing this, and what they can do to improve the situation.
Australian business owners often embody a ‘do-it-yourself’ or ‘DIY’ mentality. While this is generally a good thing, here we look at situations where it might hold a business owner back.
Many small business owners struggle to delegate tasks. Here we suggest some practical steps for business owners to better delegate to their team.
When your business is in difficulty it is important that you can access reliable advice on what to do next. Here we look at the main contenders for reliable pre-insolvency advice.
Burnout — chronic physical and mental exhaustion — is a major problem for small business owners and the economy as a whole. Here we diagnose the key contributors to burnout in Australia and offer some tips for business owners to avoid it.
Financial record-keeping and preparing financial statements are vital activities for small businesses in Australia. However, financial statements don’t tell you everything. Here we look at what the balance sheet and P&L statements leave out.
It is a mistake to think that all business financial issues have external causes. Here we ask, what if the guy or gal is the fundamental problem?
By definition, a business is started in order to make a profit for the owners. But is that all it’s about? Here we look at why it is crucial to have a business purpose beyond profit.
Missing payroll is one of the clearest signs that a business is in financial difficulty. Read here all about the connection between payroll and liquidity difficulties.
The failure of big projects can be devastating to small businesses. Here we set out how small businesses can better manage project failure to survive and thrive in the long-term.
The younger generation are more reluctant to take over the family business. Why is this, and what can family businesses do about it?
Overloaded small business owners often struggle to say ‘no’, even though this is crucial to the strategic direction of the business. We discuss how this is relevant for business turnarounds