Do you, as a business owner, support your decisions with insights from the “holy trinity” of financial statements: the profit & loss, the balance sheet, the cash flow? I speak with many business owners who are too shy to admit to their accountant that they actually don’t know how to read those arcane reports, except […]
What Are Your Numbers Really Telling You? Read More »
Is your business giving you the income, freedom and satisfaction you expected? Or are you working harder without getting anywhere? Do you suspect that you and the business are capable of more? You can be very good at what you do and still be disappointed with the business you have built. You may be busy.
Are You Getting What You Promised Yourself from Your Business? Read More »
Some people start a business to sack the boss. Here in the regions, the labour market is not deep, and many people start a business to provide themselves with a job. In my own case, I’ve found the lifelong urge to go out on my own was not just about escaping from spending my working
Why Do We Start Businesses? Read More »
Innovation. Governance. Succession planning. Absolutely key to long-term family business success, and all getting a big red X in PwC’s latest survey of the sector. The survey shows the blame lies not with interest rates, the competition or government policy. The obstacles are internal: poor governance, risk aversion, under-investment in digital tools. Seventy percent of
Family Business: Walking the Talk? Read More »
“That [course/conference/membership] is a bit expensive,” said a million business owners. But what if you flip it and view it as an investment? Costs and investments both show up in your P&L, but they are totally different in meaning. Costs are for essentials, like rent, fuel or electricity. Investments build capability and expand your options.
Personal Development: Investment or Cost? Read More »
