News

Profit is NOT a dirty word!

When I sold my group of companies four years ago and started working as a business coach I realised very quickly how many business owners were struggling with making any or acceptable profits. I continued my research on the subject and determined that profit had become a dirty word but why? Alarmingly I discovered that;…

Read more »

Insider Secret Profit Tip #8 Profit Maximisation

Maximise your profitability before you grow. To maximise your profitability you need to; Run reports that identify your profitability levels Know what your profitability should be and identify any profit gaps Develop a strategy to bridge those gaps including identify and remove profit leakages, remove business waste and productivity improvements It’s your profitability which defines…

Read more »

The root of success starts with YOU

  What common characteristics do highly successful leaders and their businesses exhibit? Recent studies found three common factors influence success. All three are critical and equally important, and if a business is not performing, the core reason will be an issue in one of these categories. As a ‘Business wealth mentor’, I have found you…

Read more »

The top 7 reasons you need a mentor

Most successful business leaders and owners have a mentor- someone who provides advice and assists one develop both personally and professionally. By providing knowledge and accountability, mentors ensure leaders and their businesses achieve set goals, and in my experience, become or remain profitable and sustainable. As a Profit Coach, I get asked regularly about the…

Read more »

Insider Secret #7

Measure your Performance If you can’t measure, you can’t improve. To measure performance you need to: Know which information management needs to enable effective and timely decisions Know how you’re going to measure the key business drivers in your business (key performance indicators) Know which reports are required to gather appropriate information Make sure reports…

Read more »

People Power

People are the most valuable asset not on your balance sheet! So why are people so important to a business? Firstly if you don’t employ people you have a job, not a business. So what defines a business; “A business is a collection of systems that work together to solve another person’s problem or satisfy their…

Read more »

People Power

People are the most valuable asset not on your balance sheet! So why are people so important to a business? Firstly if you don’t employ people you have a job, not a business. So what defines a business; “A business is a collection of systems that work together to solve another person’s problem or satisfy their…

Read more »

Have a business model that works

  Your business model is how you intend to make a profit. A business model is an integrated set of strategies that work together to solve a person’s problem, satisfy a want or need, AT A PROFIT! Strategies must include: A vision for your business A purpose of your business Your target markets/customers The problems…

Read more »

Insider secret #3

Positive Cash Flow “Profit is not profit until it winds up in the bank.” Develop a business model which will generate cash Maximise profitability Improve working capital efficiency by reducing debtors, stock and work in progress Forecast cash flow required for your business Regularly monitor your cash position Ensure liquidity Remember…….Cash Flow is King!

Read more »

Simply Business Insider Secret #2

Work-life balance Work provides the financial rewards to invest in your life however the time required must be manageable. Life is how you choose to spend those rewards including your health, family, friends, community, personal goals, and relationships. Balance between your work and life should be your ultimate goal. Success must be measured by balance,…

Read more »