Articles

03 Feb 2014

Superannuation – Life after work

It is of course possible to go on working for as long as you like in some cases. However, most people will spend 20 years or more in…

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09 Jan 2014

Business value – Embark on a strategic approach

True succession planning begins with an evaluation of business performance. This allows for a range of sensible options to be developed, including an assessment of the financial benefits…

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09 Jan 2014

Business value – Grooming leaders

Vital to the plan is the identification and grooming of future leaders and key skill requirements. Responsibility for grooming the next generation belongs to the experienced business owners.…

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09 Jan 2014

Business value – Get advice early

Even if you have no immediate plans to sell or transition out of your business, the best time to start thinking about a succession strategy is NOW! It…

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09 Jan 2014

Business value – What drives value?

It is important to recognise and understand what drives value. Your brand and reputation are invaluable when they are working well but they can be destroyed in an…

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09 Jan 2014

Business value – Putting a value on your business

There are a few methods used to determine the physical value of your business. Some of the most used ones are: Net assets Earnings based Rule of thumb…

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09 Jan 2014

Business value – Be realistic

Research shows that owners of most Australian small to medium enterprises (SMEs) and family businesses perceive the "fair value" of their businesses to be much greater than the…

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09 Jan 2014

Business value – A succession plan is vital

Fewer than 30% of Australian SME/family businesses have a realistic succession plan in place. This creates the potential for many businesses to fail or not realise their full…

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08 Jan 2014

Investing – Investment categories and timeframes

There are generally four categories of investments (asset classes): Cash: Cash investments provide stable and low risk income over the short term. It includes bank accounts and term deposits.…

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28 Nov 2013

Record keeping – It might not sound exciting but…

We often talk about the need to keep records, particularly when claiming deductions in your tax return. The "self assessment" system used by the Australian Taxation Office (ATO)…

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