Someone asked me the other day – “What would you do if you wanted to grow your business?” In the hope that what I might suggest would be something they could use for themselves. If only growing your business was so simple. The truth is, I could recommend any number […]
For many, the word ‘budget’ is about as appealing as the word ‘diet’. It seems to imply what you will go without, rather than what you will achieve. To a successful business owner, however, the word ‘budget’ has a very different meaning. It’s more like a map than a diet. […]
Imagine a new customer walks into your brewery. It’s just another business transaction. You give them a product, and they give you money. After all, they’re just another customer. No big deal, right? But what if I told you that new customer would be worth more than $6,000 to your business. Would you have handled it any differently?
Larger businesses have a Chief Financial Officer (CFO) on staff. But what can small and medium sized businesses do in this regard? Clearly, larger businesses can afford an in-house CFO. But it goes beyond an affordability issue: Large, successful businesses also understand how crucial the CFO role is to their […]
As much as you like making and serving great beer, running a successful microbrewery involves looking after your accounting systems as well as your customers. Of course, the less time you spend on administration, the more time you can spend working on your killer recipes. Which is why you should […]
Just a quick FAQ for those small business owners, extracted from business.gov.au: What has changed as a result of the 2015 Budget? Under the changes to simplified depreciation rules External Site for small business, you can: immediately write off eligible depreciating assets costing less than $20,000 each, as long as […]