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ROI! We’ve all heard of it. It’s not the latest buzzword. It stands for RETURN ON INVESTMENT and it is actually a financial concept that evaluates the efficiency of an investment. In simple terms, think of it as COST vs BENEFIT or rather how much benefit you are deriving from your input cost. It can applied to anything in business. More recently many pundits are spruiking Marketing ROI, SEO ROI etc… but the traditional financial measurement is calculated by dividing NET PROFIT over TOTAL ASSETS. For example, if the net profit of your business is $50,000 and the total assets […]

Are you thinking about selling your business? Do you often wonder how to achieve the best price for it? Do what the big corporations do and get your business financially fit and healthy to attract the best buyers and therefore the best price! Learn the secret corporate techniques used by the big end of town Plan your financial success using these proven management techniques.   During my successful career as a specialist in the area of financial performance, I have studied, observed and utilised many different methods in analysing financial performance. I have identified and whittled down the proven methods […]

Outsourcing your web design, legal services, and freight is something you have already done in your business. Outsourcing to a qualified and experienced professional makes sense for many business professional services. However, there is one profession that has been overlooked and perhaps now is the right time to re-visit outsourcing a chief financial officer (CFO). What? Since when do CFO’s perform their role as an outsourced function? Actually, there is a demand for this service and a lot of entrepreneurs are already engaging this cost effective method of growing their business sustainably. Before we continue, let’s ask and answer the […]

If you need to charge more for your product or service, these 12 tips can help you increase prices and still keep customers happy. The costs of doing business, namely labour and materials are forever rising. One of the biggest challenges faced by CEO’s and business owners is how to traverse the tightrope of maintaining healthy customer relations and a healthy bottom line. Are you holding back raising prices because you fear alienating your customers? Yes, this is a real risk—but there are some ways to mitigate it. Check out these 12 tips for increasing your prices without losing customers: […]

Attention business owners… Have you experienced any of the following problems in your business? Bank reconciliations not up to date and transactions not recorded at all GST applied incorrectly BAS Statements NOT lodged on time Too many voids and deletions in your accounting system Too many compensating entries for errors Debits and Credits jumbled up Trial Balance does not balance Fixed Asset Register & Depreciation Schedules non existent Prior period reports differ to published reports Your accountant is only interested in seeing you once a year at tax time I hope you haven’t. But unfortunately I come across these scenarios […]