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By Sue Hirst – Director, CFO On-Call Key Financial Drivers in business are what drive the results. They can have a huge impact on business financial results.
Successful business owners don’t have sleepless nights worrying about cash flow, because they manage it proactively… so it never becomes an issue. Here’s how they do it: 1.
If you’re thinking of exiting your business in the next few years and the sale value contributes to your retirement ‘nest egg’, it’s well worth beginning planning now to grow it.
By any reasonable standard, an average 51% profit improvement (EBIT), across a number of established business (average turnover of more than $16 million), over three years is very good.
As the Mackay regional economy begins its latest business boom, let’s not forget the mistakes of the past. Indeed, let’s be the best we possibly can this time around.
Business isn’t the only place for clear objectives and goals. Ask any ‘Life Coach’ and they will likely tell you, life can be greatly enhanced by having clear goals and plans to achieve them.
If you’re making losses in your business, it’s obviously not a nice place to be. If you’re making a profit, it may seem like a nice place, but how would you like to be in an even better place?
Recently, CFO On-Call hosted a free breakfast seminar in Melbourne’s CBD that showcased to business owners how to grow a business and improve profit and cash flow, without the confusing jargon and excessive price tag.