News/Media Announcements: March 2021
Smart Owner Part 4: Crazy debtors
Many moons ago, we had a dispute with our (then) international association. We decided to leave them and find a new home. We eventually found that home as the Melbourne representatives of Grant Thornton (see footnote). But in the course of …
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Client Spotlight: Tathra Beachside… surviving 2020!!!
Garry’s formula for success.
“I am sad it’s all over” Garry said to me in 2008 after he eventually parted company with the purchaser of their previous famous resort park, Pambula Beach Holiday Hub. He and his wife Narelle had built up the …
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Smart Owner Part 3: Is Stock like Money in the Bank?
Why is it that some business owners look at their Stock as though it is “money in the bank”? Why might this thinking be wrong and what can be done to fix it?
What is the right amount of stock? A challenge for every business owner.
How …
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Smart Owner Part 2: Break-Even Point on a Napkin
Don’t be embarrassed. You are not the only business owner who does not know how to work out their Break-Even Point. Right now, it might be pretty handy to know what it is.
If your sales are less than that magic break-even point, you will be …
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Beware of Zombies… they might destroy you.
Sounds dramatic, but this is frightening and it’s real. How will you know that your next business customer is not one of them? Or one of your old customers has just joined the ranks of the Zombies?
We are seeing the dangers everywhere …
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The Smart Owner Part 1: Those Magic Profit Levers
There is currently plenty of good C-19 advice aimed to help business owners; get through tight cash flow periods, find the subsidies they deserve and manage their remote workforce from afar. All good stuff but it can take your eye off the ball. No …
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Our C-19 stocktake for business owners
This is really serious. And the implications for business owners go far beyond what most people realise.
1. Your liability as a business owner.
As of 28 July 2020, employers are required to notify Worksafe of any cases of employees who have …
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The Fat Smoker
(PC: The weight challenged individual who inhales burnt tobacco)
He is that guy that probably knows he should stop smoking. And he should lose weight and exercise more. But he doesn’t do it. And just because it is obvious, it doesn’t make it …
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Desperate times may require desperate measures
We can finally see that this virus is not going away in a hurry. The eb-and-flow of the economy from the cycle of infection, calm and reinfection is likely to bring once great businesses to their knees. Until the rescue from an effective antivirus …
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The Razor Gang
One of the interesting reactions to a recession is a business owner’s renewed focus on their Overhead Costs. In earlier downturns, we have encouraged clients to establish an internal team to evaluate all fixed and variable expenses of a business …
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