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Category: Blog

21 Dec

Price right? Profit Right?

How do businesses determine their Price to customers?   Some typical methods: Charge a bit less than or the same as competitors Charge a bit more than the product or service costs Charge as much as you need to earn to cover your costs i.e. Break-even Charge what you can get away with Charge what you […]

21 Dec

Your net income should exceed your gross habits!

… or Why separate your cash-flow from the Business When asked the key to financial happiness one business owner said –  ‘Your net income should exceed your gross habits!’ Jokes aside, I urge business owners to keep their own finances separate from those of the business, in order to manage both sustainably and for the […]

21 Dec

The Secret to Avoiding Business Losses

The best way to avoid business losses is to understand what your break-even point is. Obviously the objective of business isn’t to break-even, but to make a profit. Break-even is the amount of sales you need to make to end up with $0 profit. Too many businesses don’t know their break-even point and therefore don’t […]

21 Dec

Some straight talk about making extra profit!

Sales, profit and cash are the key issues to focus on in business financial management.  If you can get these three working right,  you’re well on your way to building a sustainable business with capacity to grow. Most people focus on sales to begin.  I’d like to start with profit!  The reason to start with […]

21 Dec

Find the hidden profits and cash in your business.

Do you ever look at the reports from your Accounting software and get over-faced by all the numbers?  Do you not bother printing out the reports at all, because you aren’t sure which numbers to look at and you don’t have the time anyway? You would not be alone if you answered yes to any […]

8 ways to make ‘Innovation’ a daily part of your business!

What do you think of when you hear the word ‘Innovation’?  I recently asked one business owner who came up with the following words Change Improvement Growth New Ideas Next step Plato (Greek Philosopher Born in 427 BC) coined the phrase ‘Necessity… the mother of invention’.  You could easily substitute the word ‘innovation’ for ‘invention’ […]

24 Nov

A2 Milk shares soar on profit growth

The company said revenue in the four months to October 31 was up nearly 69 per cent at $NZ262.2 million ($A236.7 million), reflecting strong growth in nutritional products in Australia, New Zealand and China, as well as positive momentum in the US and UK. The dual-listed dairy firm’s net profit for the same period more […]