Financial insight is an acquired skill. Even the most experienced business owners can overlook opportunities or put themselves at risk of issues that are actually in plain sight, simply because they are busy and distracted. Insight is a business super power you’ll develop as your business grows and matures, but until then, how to succeed…
DetailsFresh insight can often be the difference between a business that’s stuck in a rut and one that’s moving forward to success. In my earlier article, I discussed the importance of choosing a Business Success Accountant and the professional and personal attributes you need to consider when doing so. In this article, I’ve indicated FIVE…
DetailsYou may be surprised to learn that there are different types of accountants. Each has their own interests, specialties, personalities and price ranges. There are Jacks-of-All Trades Accountants; P&L (Prepare & Lodge) Accountants; CSI Accountants (the crime scene type that are right into forensics); and then there are Business Success Accountants. These are accountants who have…
DetailsWhen you are captain of your own ship, the critical decisions rest with you and this includes how you use excess cash. There are numerous courses you could navigate, but generally it comes down to three: Reinvest in the business or buy some income generating assets; Reward yourself by splurging on something special; or Do…
DetailsFat overheads, paying for stuff you don’t need, poorly performing team members, blow-outs in your cost of goods sold and trying to flog products and services that the market no longer needs or wants, these are the Klingons off your starboard bow that reduce your profit. While they can seem threatening, here I’ve outlined THREE…
DetailsFinancial technologies or ‘fintech’ for short, is as it sounds: technologies that improve financial outcomes. For business owners operating in, or wanting to expand globally, fintech discussions should be the leading topic in business development conversations. In an earlier article, I covered the pros and cons of payment processors, here I explore the role of…
Details
