Aug 14, 2020What To Do When Your Credit Cards Are Maxed OutHave you accumulated a deck of credit cards and now you’ve maxed them all out? And you owe money to your suppliers and the ATO too. I was in that exact situation in 2009. Revenue had plummeted and I was pouring every available dollar into the business to prop it…3 min read3 min read
Aug 5, 2020Staying Optimistic When It’s All Too HardStaying optimistic is easy when things are going well. But when business is hard, staying optimistic is hard too. I’m a positive person by nature. Throw me a challenge and I’ll accept it with relish. Put a difficult situation in front of me and I’ll deal with it. …2 min read2 min read
Jul 21, 2020Cash Flow Post JobKeeper supportWhat will happen to your business when JobKeeper payments cease? Payments are due to continue to end of September. There may be a change in the eligibility requirements that requires a re-set of eligibility before then. Then there is the question of whether it will continue beyond that date and…Covid 192 min readCovid 192 min read
Jul 7, 2020Why I Purge My Client List Each YearAt the end of each year, I review my client list. As a Chartered Accountant, there are rules around how to do this and there is a requirement to ensure no conflicts of interest and not acting for clients where you know they aren’t complying with legislation. But for me…Chartered Accountant3 min readChartered Accountant3 min read
Jul 3, 2020Commitment vs ComplainingI’ve recently been investing time in training to improve my skills for the future. What’s different about this is that whilst I was supposed to have been in the US for the training, the sessions have continued, in US times. Commitment Thus it’s meant going to bed at 5pm, getting up…3 min read3 min read
Jun 25, 2020Opportunities to Increase Cash FlowI was brought up with the saying “Make hay when the sun shines” and perhaps that is a reflection of why I loved the wheat fields of the prairies in Canada, but that’s another story. I’ve recently found myself quoting those words when opportunities to do more work have come…Opportunities3 min readOpportunities3 min read
Jun 16, 2020Ready to simplify the management of your cash flow?Have you ever worried about how you’re going to pay the bills, the wages or the rent? Or been baffled when your accountant says that you’ve made a profit yet you’ve still got tax to pay and no money in the bank? Me too. Whilst I am an accountant, I…Course3 min readCourse3 min read
Jun 4, 2020When To Call It A DayCalling it a day is the last thing you want to do. It’s your business, it’s your baby and you have no doubt not only poured your heart and soul into it but also your savings too. Whether you’re re-opening your business doors following lockdowns, you’ve kept the business going…Decision Making3 min readDecision Making3 min read
May 28, 2020Why Focussing on Revenue Won’t Make You ProfitableToo many times I’ve met business owners whose only focus on the numbers is checking their revenue. Whilst revenue is fundamental for all businesses, focusing on this alone doesn’t give enough information to know whether you’re making a profit or not. Revenue goals are important, don’t get me wrong. There’s…Financial Goals3 min readFinancial Goals3 min read
May 20, 2020What Does Re-Starting Your Business Really Look Like?With easing of restrictions, we are now faced with re-starting business. But what does that really look like? Depending on what type of business you have will depend on what re-starting means for your business. Brick and Mortar Businesses You may have found ways to continue to get some income in recent weeks by…4 min read4 min read
