For many, if not most Aussie businesses, the global financial crisis followed by a broad and deep international recession plunged owners and managers into uncharted territory. Existing on a steady diet of growth and demand for years, and with few true tests of management and financial acumen, my view is that a fair few businesses were unprepared for the impacts of a new economic reality
It seems like a simple premise – make sure you have cash in your business to keep you going in the tough times, or when you have big expenses like tax going out. Having simple forward looking cashflow measures in your business is like having a fuel gauge in your car. But for around 50% […]
Day to day life running your own business can seem overwhelming – you have vague memories of starting a business to have more control, freedom and flexibility in your life and work. But the reality is that you have never worked harder and seem to have less time than ever before. Days are filled with […]
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