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All Articles
Strategy implementation: 6 reasons why it doesn’t happen
17/08/17 - Financial Performance
Formulating a strategy for your business means defining and setting your business’ mission, objectives or goals, and stating how you plan to achieve them. But…
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“If you don’t know where you’re going, any road will take you there”
17/02/17 - Growth
This may have been a line out of Lewis Carroll’s, Alice’s Adventure in Wonderland but it applies equally to business. “Would you tell me,…
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Five Financial New Year’s Resolutions You Can Keep
22/12/16 - Growth
If you didn’t keep to your New Year’s resolutions last year, you’re not alone. A national survey conducted by finder.com.au found that 58% of Australians…
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Decide which exit strategy is best for your business…
22/11/16 - Exit Planning
A successful exit strategy is dependent on numerous elements, from what industry you work in to the nature of your business and of course, the…
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How to value a business for sale
07/11/16 - Financial Performance
If you are considering selling your business, either now or in the future, it’s important that you understand how to value a business. The…
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Why do businesses fail – ego or ignorance?
03/11/16 - Financial Performance, Growth
The start of the new calendar year has brought with it a never-ending number of corporate collapses with the likes of Dick Smith, Laura…
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The keys to successful strategic planning for small business
10/10/16 - Growth
In my view there are two major problems facing small business when it comes to strategic planning. The first is not knowing where they're going and the second is failure to implement. Businesses adopting the “Now-Where-How” process manage to overcome this issue.
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My magnificent seven tips to improve Return on Capital Employed (ROCE)
06/10/16 - Financial Performance
So often we read or hear in the media about the latest fast-growing business. Everyone seems to focus on the growth of the business but what is the real measure of business success? When I review the financial performance of a business, the primary measure I look at is Return on Capital Employed (ROCE). Generally, if this rate of return isn’t high enough it is usually a sign that some things aren’t quite right in the business.
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Top five tips and traps for developing an effective succession plan
06/10/16 - Exit Planning
I was recently asked what I thought were the secrets to good business succession for a family-owned business. As in most things in life what it really boils down to is effective communication.
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Family business succession strategy – communication is the key
06/10/16 - Exit Planning, Family Business
In over thirty years advising family businesses, the most successful succession plans I’ve seen have been the ones where there was solid stakeholder engagement – in other words – good communication within the family. Even if you think everyone is aware of what is going on and generally on the same page, don’t leave things to chance for people to fill in the blank spaces. Fill them in for them.
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