Posts

Business Resilience: Through Precise Cash Flow Management

Planning, strategy, goal-setting: they’re all critically important…

But without cash, a business is very unlikely to succeed, let alone survive.

A resilient business is one with sufficient funds for operations and growth, now and in the future.

Managing cash flow is crucial, especially in a tough business environment. And it’s not just a financial, accounting or ‘modelling’ […]

Building your business budget

Top down or bottom up? Building your business budget

By Ben Gay, Salisburys Director

Once you’ve defined your Action Plan, it’s time to understand what this means financially for you and your business.

Start to build your budget. Why do we budget?

Quite simply, making sure the goals and targets you’re setting, and the action […]

Cash flow forecasting with confidence

How to build a living cash flow forecast

By Salisburys Director, Ben Gay

A common problem we hear often from business owners is:

 “I don’t understand. You’re telling me I’m making money yet I’ve got no money in the bank.”

Profit and what you see on the bottom of a Profit & Loss (P&L) Account […]

Business Resilience and Understanding Your Market

As accountants, we want our clients to build resilient and successful businesses

That means overcoming the challenges and pursuing the opportunities presented by current market conditions.

Leaders of resilient businesses ensure they understand their market, especially the customers and competition.

Some leaders have an ‘innate sense’ about their market; a ‘gut feeling’ about their customers […]

Business Action Plans

A hit-and-spin approach to action planning your way through COVD-19

By Ben Gay, Salisburys Director

Following on from our last article about business planning for FY2021, we wanted to briefly delve into each of the key components on developing your plan.

As there is plenty written about goal setting and how to do that, […]

2021 Business Planning

Business planning for 2021

By Ben Gay, Salisburys Director

We hope you’re managing and working your way through what has been one of the most challenging times from an economic and also from a social point of view certainly in our lifetime.

As we consider this new financial year despite the challenges we have been […]

On-Farm Drought Resilience Grants

Agriculture Victoria

Increased drought assistance being provided to Victorian farmers

The Victorian Government through Agriculture Victoria of the Department of Jobs, Precincts and Regions (Agriculture Victoria) has established the On-Farm Drought Resilience Grant Program to assist eligible farm businesses to invest in on-farm drought preparedness and to seek business advice.

A grant of up to […]

From Survival to Resilience: Shifting the Focus

Business survival has been a popular topic in recent weeks

But businesses are shifting their focus to resilience

What does it take to build businesses that can survive AND thrive in the longer term… while insulating them from a recurrence of recent events? It’s not about picking up where we left off because what worked in […]

Practical Positivity

Stay safe. Do what you can with what you have. Control what’s in your control.

A framework to help business owners to see their situation through a different lens and move upward.

Help as many people as you can through this period with any spare resources you have, whether that’s time, money or love.

This […]

Update on COVID-19 business assistance

Action required: update on COVID-19 assistance for your business

Things have changed significantly around Australia with the recent announcements of enforced closing of some businesses and other restrictions imposed by the Governments to stop the spread of COVID-19.

It is going to be a very tough time for all of us business owners over the […]