Posts

Reengineering Your Business

For Profit and Sustainability

Sometimes business leaders need to fundamentally change the way things are done in order to grow profit, or just to survive.

This is termed ‘Business Reengineering’.

What is Business Reengineering?

Business Reengineering usually means eliminating activities or processes which are not adding value. In some cases, they will be substituted with better […]

New online hub helps women succeed in business

NSW launches online hub to support female entrepreneurs

State Government’s new one-stop shop Women in Business Hub making it easier for women in NSW to start, run and grow their own businesses.

Treasurer Matt Kean said the online Hub was a recommendation of the Government’s Women’s Economic Opportunities Review to improve women’s financial […]

Industry Growth Centres Initiative

Support for priority industry sectors

Are you an ambitious Australian business owner in one of our 6 priority industry sectors?

An Industry Growth Centre may be able to help you achieve your goals.

There are 6 growth centres for the 6 sectors of competitive strength and strategic priority:

advanced manufacturing cyber security food and agribusiness […]

Can you build a profitable business without financial skills?

Got a grasp of your business numbers?

While most businesses have a basic financial function in place, many do not have access to the quality financial management information required to capitalise on opportunities, increase profitability, and mitigate risk:

Read Dynamic Business article »

Define your success

Salisbury’s Business Coaching Program has been […]

Managing Your Business in an Inflationary Environment

Many global businesses are facing increased costs.

This is not necessarily a new business challenge… but the COVID-19 pandemic is driving significant and unpredictable “price spikes”.

Let’s look at what business leaders should be thinking about in this environment.

First, what is driving these changes? 

Here are some of the important factors influencing the cost […]

Reviewing business performance

Why just reviewing top-line financial half-yearly performance is no longer enough

In our new business world, annual reporting is becoming redundant because, by the time annual results are consolidated and produced, the data is already obsolete and the market has moved on.

In the changing commercial landscape, delaying indepth business reviews until the end of […]

2021 Business Planning

Using Data to Guide Your Planning

Business leaders recognise the value of using data to influence decision-making.

This has become easier due to cloud-based accounting solutions, better analytical tools, benchmarking and other methods.

But one important question remains… Which data should we access and analyse? There are so many options. Perhaps, we should ask a different question: What drives […]

The Importance of Sales Process

What makes a business a powerhouse in sales?

Absolutely essential are attractive products offered at a reasonable price to customers who need those products.

Sounds simple? It’s not… but let’s assume you’ve got this right. We also need the underlying sales processes to work because even with great, in-demand products, sales will not reach potential with weak sales processes.

Here are some ways […]

Business Resilience vision and goals

As accountants, we strive to help business owners build resilient and successful businesses

In the current business environment, there are both challenges and opportunities.

One component of resilience is to have a clear vision for the business. That means everyone should understand the business ‘destination’, the ‘why’ or the ‘rationale’ for the business. Without this, the […]

Is Your Business Model Standing the Test of COVID-19?

Staying Current in Changing Times

In very simple terms, a business model refers to “the way a business makes money”.

Take a retailer, for example, who buys and displays products of interest to customers. By attracting people into their store, they sell those products and make a profit, provided the sales price exceeds the costs […]